"International Holding" intends to launch "Godan Financial" With assets under management of 870 billion dirhams

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Abu Dhabi, February 13, 2017 – International Holding Company announced its plan to launch a new international holding company called “Judan Financial”, to be a specialized platform for managing and expanding the group’s portfolio in the financial services sector. Its estimated value is expected to reach about 100 billion dirhams, manage assets exceeding 870 billion dirhams, and serve more than 11 million customers across more than 13 countries, subject to the completion of regulatory approvals.

Godan Financial aims to build a scalable investment platform, supported by artificial intelligence, while targeting accelerated growth over the next five years.

The board of directors of “Jodan Financial” will be chaired by His Highness Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of the Emirate of Abu Dhabi and Chairman of the Board of Directors of the International Holding Company, while His Excellency Mohammed Hassan Al Suwaidi, Minister of Investment, will assume the position of Vice Chairman of the Board of Directors, Managing Director and CEO.

“Judan Financial” will be jointly owned by the International Holding Company and its subsidiaries, “Alpha Dhabi Holding”, “2 Point Zero” and “Sirius International Holding”, which reflects the strategic integration between the three groups to build a broad financial services platform with diversified activities.

After obtaining the necessary regulatory approvals, each shareholder intends to transfer strategic assets operating in the financial services sector to the “Judan Financial” portfolio, to support its long-term growth strategy, its disciplined approach to capital allocation, and its expansion plans in priority global markets.

On this occasion, His Highness Sheikh Tahnoun bin Zayed Al Nahyan said: “Jodan Financial was established to lay the foundations for a financial services company with a global presence and influence, based on solid governance, long-term capital, and distinguished business platforms. By unifying high-quality assets from the International Holding Company, Alpha Dhabi, 2 Point Zero, and Sirius International Holding within a unified structure, we are establishing a solid foundation that supports sustainable growth, innovation, and long-term value creation across international markets.”

For his part, Sayed Basr Shuaib, CEO of International Holding Company, said: “The launch of Jodan Financial represents a milestone in International Holding Company’s strategy to build broad-based platforms focusing on vital sectors within our core business areas. By unifying the financial services assets of International Holding Company, Alpha Dhabi, and 2 Point Zero within a unified and specialized structure, we are laying the foundations for building a leading global entity in financial services, supported by strong governance, a solid capital base, and strategic flexibility to achieve long-term sustainable value.” For shareholders and institutional partners.

His Excellency Mohammed Hassan Al Suwaidi said: “Jodan Financial represents the next stage in the development of the International Holding Company’s strategy in the financial services sector. By bringing together high-quality assets from the banking, insurance, asset management, alternative investments and financial technology sectors under a unified and focused platform, we are establishing a huge financial services group that has the ability to expand and grow, and is characterized by strong governance frameworks and a capital structure that will enable it to achieve accelerated and sustainable growth in the coming years.”

The International Holding Company, Alpha Dhabi Holding, 2 Point Zero, and Sirius International Holding intend to transfer strategic stakes in more than 20 companies and platforms operating in the financial services sector, representing their currently existing capital stakes, to Jodan Financial, establishing a diversified global portfolio that has generated billions of dirhams in revenues and profits since its founding.

The assets listed below represent the current ownership shares of International Holding Company, Alpha Dhabi Holding, 2 Point Zero, and Sirius International Holding, and their transfer to Judan Financial will be completed in stages, after the required regulatory approvals are met in the relevant regulatory areas.

The “Gudan Financial” portfolio will include assets in the sectors of banking, asset and wealth management, insurance and reinsurance, non-banking financial institutions, and financial technology, including digital banking platforms, investment and asset management companies, brokerage and capital markets platforms, and integrated payments and financing solutions.

The company also intends to attract capital from institutional investors and strategic partners, with a focus on efficient capital allocation, risk management, and technology-enabled business integration, thus strengthening its position as a global financial services platform with a broad presence and sustainable influence, while remaining a private company that gives it the flexibility to implement long-term strategies.