IHC completed the acquisition of a 54% stake in Emircom for $68m.

IHC, a diversified Abu Dhabi-based conglomerate, completed the acquisition of a 54% stake in Emircom, a Middle East’s information and communications technology provider, for $68m. "We shall continue to seek further acquisitions in different industries, including the ICT area, building on our well-established track record of acquiring high-value and profitable investments that benefit our shareholders in the short- and long-term. This acquisition of a majority stake in Emircom will help IHC Digital to continue deepening its profitability and depth in the sector," Syed Basar Shueb, IHC Chief Executive Officer.