Best Of: Tracking the mysterious rise of a UAE company

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 5 July 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week, we are revisiting an episode from earlier this year about an obscure firm from the United Arab Emirates: International Holding Company’s share price has jumped 40,000 per cent in just a few years. But little is known about the business, which has investments in everything from Elon Musk’s SpaceX to India’s Adani Group. The FT’s Middle East editor Andrew England travelled to Abu Dhabi to get answers about its rapid growth and its connections to some of the most powerful people in the Gulf.

Clips from MSNBC, CBS

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For further reading:

The UAE business that went from obscurity to a $240bn valuation in 3 years

The sheikh’s empire driving Abu Dhabi’s meteoric stock market rise

The Abu Dhabi royal at the nexus of UAE business and national security

Groovy girls, typing pools and labour camps: the complicated world of IHC

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On Twitter, follow Andrew England (@cornishft) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.0	AI and take action today.
0:31.0	Hey there, it's Michaela. You know the links to FT articles that we include every week in our
0:36.2	show notes? I wanted to let you know that for a limited time this summer, we're making those
0:41.2	articles free to read for all behind the money listeners.
0:45.0	So check out our episode and then dive even deeper into the FT's top-notch journalism
0:51.0	without a paywall.
0:52.0	Thanks and enjoy.
0:54.0	It's a truth universally acknowledged that all companies want to grow.
1:01.0	But the company we're going to be talking about in
1:04.4	this episode, its growth has been off the scale. Its share price since 2019 has
	...

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