"International Holding" It acquires 70% of the company "Beko Holdings"

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Abu Dhabi, December 23 / WAM / International Holding Company, which specializes in building dynamic value networks and promoting sustainable growth, announced its acquisition of 70% of the shares of “Beko Holding”, a technology company that provides an integrated digital platform, aiming to simplify and automate basic business processes.

“Beko” is a comprehensive digital platform, specifically designed to help companies simplify their financial and administrative processes, through one easy-to-use interface. The platform enables efficient management of a wide range of activities, such as payments, bill payment and issuance, payroll, business travel, corporate cards, compliance services, and many other operational matters.

By integrating these critical functions, Beko helps companies reduce operational hurdles, increase productivity, and achieve more efficient growth.

Beko’s “Platform as a Service” model allows it to meet the growing demand among small and medium-sized enterprises and mid-market companies for a seamless and automated digital infrastructure that replaces fragmented traditional systems. The platform relies on recurring revenue through subscriptions, high customer retention rates, and strong scalability, making it an essential digital infrastructure for the next generation of digital-driven companies.

The acquisition deal is consistent with the International Holding Company’s strategy to invest in leading platforms in their categories, characterized by strong governance, clear paths for growth, and the ability to generate sustainable, long-term value across global markets.

It also reflects the company’s continued focus on technology-enabled businesses that enhance efficiency, financial access and operational flexibility, as Beko integrates artificial intelligence into its platform, including an AI-based assistant, to automate routine tasks, such as invoicing, expense management, forecasts, and administrative documents, enhancing the value provided to customers.

Sayed Basr Shuaib, CEO of International Holding Company, said: “Beko represents the type of scalable, future-ready platform in which we are actively investing, and that addresses real operational challenges for companies, while leveraging technology to enhance productivity and growth. This acquisition enhances our portfolio of digital services, and supports our strategy of building integrated value networks in high-growth sectors. We see strong potential for “Beko” to expand regionally and globally, especially with the expansion of integrating artificial intelligence into corporate operations.”

For his part, Kashif Khan, Founder and CEO of BICO Holding, said: “BICO was designed with a clear vision to enable companies to manage their operations in an integrated manner through one smart platform. Our partnership with International Holding Company represents a pivotal moment in our journey. Thanks to International Holding Company’s size, strategic support and long-term vision, we are able to accelerate innovation, expand into new markets, and provide greater value to small and medium-sized companies around the world.”

The deal comes in the context of a series of acquisitions and strategic investments completed by the International Holding Company during the past six months, including the companies “Invictus Investment”, “Samman Capital”, “First Women Bank Limited” and “Zillow”, which reflects the company’s intense activity in investing capital in high-growth future platforms in the sectors of financial services, technology, and digital infrastructure.

The company’s acquisition of “Beko Holding” strengthens its global portfolio and confirms its commitment to supporting companies that enable economic participation, operational efficiency, and sustainable growth across diverse markets.