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How IHC’s CEO plans to double the UAE’s $125B investment powerhouse
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But Shueb says IHC is redefining the traditional holding company model, and its growth and profitability depend on something beyond dollars or dirhams.
ADShueb’s growth plan will see IHC deploy roughly $2 billion of fresh capital a month over the next four years.
Right after opening the mine, he says, IHC would open an education business to improve the miners’ skills.
Last year’s $1 billion investment in Indian mortgage lender Sammaan Capital, for example, was a bet on the rising demand for housing in the world’s most populous country.
“We have diversified enough that I think in the next few years, whatever the situation is, we will be growing.”