IHC, the global investment company focused on building dynamic value networks, has announced the sale of its entire 42.54 percent stake in Modon Holding, a leading player in real estate and infrastructure development.
The transaction was made to L’imad Holding Company PJSC, a wholly owned subsidiary of the Abu Dhabi Government, marking a significant shift in ownership within the sector.
This transaction is part of the investment company’s broader, strategic portfolio management initiative, aimed at maintaining balanced exposure across sectors and regions while unlocking additional liquidity for future investments.
The sale aligns with IHC’s sector concentration framework, which targets no more than 20 percent exposure to any single sector. By rebalancing its weighting in real estate and construction, IHC will recycle capital into scalable opportunities across healthcare, technology, energy, food and agriculture, financial services, and related verticals consistent with the Group’s diversified growth strategy.
Syed Basar Shueb CEO – IHC
“This sale reflects our disciplined approach to capital allocation and our commitment to maintaining a well-balanced, diversified portfolio. While we continue to see attractive fundamentals in real estate, our strategy is to avoid over-concentration in any single sector. Recycling capital from Modon provides additional liquidity to accelerate investment into other high-growth areas where we believe we can create sustainable, long-term value for our shareholders.”
Since IHC’s acquisition of its 42.54 percent stake in August 2023, Modon has scaled rapidly to a market-leading position. In fiscal year 2024, the company delivered multi-billion-dirham revenue and profitability, with momentum carrying into the first half of 2025.
The period also saw record real-estate sales and a strong revenue backlog, underscoring the resilience of Modon’s platform and its outlook. Accordingly, IHC is executing a timely exit to unlock liquidity and advance its diversified growth strategy, as per the statement.
