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The International Holding Company (IHC) has reported an 87.6% growth in Q1 2024, with a net profit of AED 8.0 billion, compared to AED 4.3 billion in Q1 2023. This growth was driven by strong performances across IHC’s core sectors and strategic consolidation of key assets. The company's revenue increased by 22.5% to reach a record AED 19.3 billion. IHC's total assets base also increased by 28.1% in Q1 2024 to reach AED 338.4 billion. The board of IHC has approved an AED 5 billion annual share buyback program. The company has launched a new entity, 2PointZero, to focus on key sectors including financial services, mineral and resource management, transformative technology & AI, and digital and cryptocurrency ecosystems.

The text presents a review report and interim financial information for the International Holding Company PJSC for the three-month period that ended on 31 March 2024.

Manazel PJSC, a UAE-based real estate development company, has appointed investment bank Houlihan Lokey as its financial advisor for a capital optimization plan. The plan includes strategies such as capital raise, corporate reorganization, and sale of non-core assets. Houlihan Lokey will assist Manazel's leadership team to optimize the company's capital structure and identify new investment opportunities. This move is part of Manazel's efforts to strengthen its financial position and promote sustainable growth.