Royal Development Company is part of the IHC Group of companies. International Holdings Company (IHC), is one of the UAE’s foremost holding companies with investments in diversified businesses across the UAE and beyond. Our global presence extends to the Middle East, Europe and North America.
IHC was incorporated in Abu Dhabi on 23 November 1998. Initially established as International Fish Farming Company, under the widely recognized seafood brand Asmak. The company was established to support the rulers vision and under the UAE Offsets Program, as part of an initiative to introduce new business concepts, promote fish business and to diversify and grow non oil business sectors in the UAE.
Today IHC Verticals extend across Industrial; Food; Utilities; Digital; Capital and Real Estate Incorporating 12 companies. Each IHC Company has been established with the mission of solving challenges within the region and across the world. In a relentless drive to create value for our stakeholders, we continue to diversify our investments across operating asset classes, generating fair returns, and mitigating any risks to the best of our ability. Each of the businesses in our industry verticals strive to discover innovations, look to how we can be a ‘disruptor’ in that industry and take initiatives to sustain our competitive lead.
IHC’s mission and vision are underpinned by a clear objective of enhancing its portfolio through strategic acquisitions and business combinations and bringing cost efficiency through operational synergies. IHC is focused on strengthening its Corporate Governance and has made a number of changes, including the composition of a number of new Committees that will provide for improved control.