International Holding Company (IHC), the Abu Dhabi-based global investment firm, has sold its entire 42.54 per cent shareholding in Modon Holding to L’imad Holding Company, a wholly owned entity of the Abu Dhabi Government, as part of a broader strategic portfolio realignment.
The transaction forms part of IHC’s active portfolio management programme, aimed at maintaining balanced exposure across sectors and geographies while unlocking additional liquidity for future investments.
According to IHC, the sale aligns with its sector concentration framework, which limits exposure to any single sector to no more than 20 per cent.
IHC sells Modon share
By rebalancing its weighting in real estate and construction, IHC plans to recycle capital into scalable opportunities across healthcare, technology, energy, food and agriculture, financial services, and related verticals in line with the Group’s diversified growth strategy.
Since acquiring its 42.54 per cent stake in August 2023, IHC said Modon Holding had scaled rapidly to become a market-leading real estate and infrastructure platform.
In 2024, Modon delivered multi-billion-dirham revenues and strong profitability, maintaining momentum into the first half of 2025 with record real estate sales and a robust revenue backlog.
IHC described the divestment as a timely exit, capitalising on Modon’s growth trajectory to unlock liquidity while continuing to strengthen the group’s diversified investment portfolio.
Disciplined capital allocation
Syed Basar Shueb, CEO of IHC, said the transaction reinforces the company’s disciplined capital management strategy and commitment to long-term value creation.
Shueb said: “This sale reflects our disciplined approach to capital allocation and our commitment to maintaining a well-balanced, diversified portfolio.
“While we continue to see attractive fundamentals in real estate, our strategy is to avoid over-concentration in any single sector.
“Recycling capital from Modon provides additional liquidity to accelerate investment into other high-growth areas where we believe we can create sustainable, long-term value for our shareholders.”
Strategic diversification
IHC stated that it will continue to actively evaluate new opportunities across key sectors, leveraging its proven ability to originate and scale platforms that generate resilient cash flows, innovation, and sustainable growth.
The move underscores IHC’s evolution into one of the most diversified and strategically agile investment groups in the region, balancing sectoral exposure while advancing the UAE’s broader economic diversification agenda.
