ADQ to buy 50% stake in IHC’s Eltizam Asset Management for AED111.6mn

By Samantha Allen

Published: October 3, 2021 | 5:01 PM GMT

ADQ to buy 50% stake in IHC’s Eltizam Asset Management for AED111.

6mn

ABU DHABI, 3rd October 2021 The International Holding Company (IHC) has entered into a strategic partnership with ADQ, for a 50% stake in IHC subsidiary, Eltizam Asset Management Group, for a total cash contribution of AED 111.

6 million through a new shares issuance.

Founded in 2009, Eltizam is among the leading physical asset management companies in the UAE and broader GCC.

Eltizam provides its clients throughout the region with an integrated suite of strategic management and real estate services, and recently acquired Inspire Integrated which specializes in infrastructure and real estate solutions, facilities management, and project delivery services.

Ahmad Ibrahim, Head of Corporate Communication of International Holding Company, said: “This transaction marks a significant step in IHC’s strategy, sharpening our focus on our core vertical businesses.

We are pleased to have agreed on a model that reflects Eltizam’s success and growth as part of the IHC portfolio, alongside a reliable partner, to deliver significant value for shareholders.

”
Roque Solabarrieta, Investment Director, at ADQ, commented: “Eltizam has a proven record as a successful business model and has an accretive value to ADQ’s portfolio.

We have a shared vision with IHC to further enable the company to reach its full potential in its ambition as a leader in facility and property management across the region.

”

About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.