Today, the International Holding Company (ADX: IHC) announced its audited financial results for the full year 2022, achieving a net profit of 32.6 billion dirhams, which is the best profit record in the company’s history, as it continues to drive trade and prosperity in markets around the world and expand in all sectors during the current year. .
The fourth quarter of 2022 witnessed a remarkable increase in net profits to reach 8.3 billion dirhams, compared to 4.3 billion in the same period last year, with a growth of 91% as a result of positive business performance across all sectors in the current unfavorable global market conditions.
The International Holding Company recorded a 78% growth in revenues to 50.9 billion dirhams in 2022 compared to the previous year, and net profit grew from 11.6 billion dirhams to 32.6 billion.
strategic priorities
Sayed Basr Shuaib, CEO of the International Holding Company, said: “I am proud of what we have achieved in 2022, as the external environment we faced was mixed in some major markets. However, our strategy set out in 2021 has aligned us with the key drivers of global growth and we see strong progress across our business and strategic priorities. The global economy has remained resilient, as the recent easing of Covid restrictions in China provided more reasons for optimism in 2023, and the International Holding Company will continue to drive trade and prosperity in markets around the world through the diversity of our unique investments.
The global holding company’s business strategy led to a significant strengthening of the company’s balance sheet, with an increase in assets from 89 billion dirhams at the end of December 31, 2021 to 282 billion at the end of December 31, 2022, a growth of 156%.
The increase in the number of companies of the International Holding Company from 302 in 2021 to 482 subsidiary companies and 41 joint ventures and partners in 2022 prompted the promotion of the growth of the company’s global business and developments in the company’s nine core business sectors, namely clean energy, food and agriculture, health care, information technology, and artificial intelligence, real estate, retail, entertainment and capital in 20 countries across Asia, Africa, Europe, North and South America.
Opportunities 2023
“Our performance in 2022 is due in large part to the amazing work of over 125,732 employees around the world, supported by the management team. We look forward to the opportunities that 2023 will bring and we are committed to that and to delivering stronger financial performance in the next few months,” added Sayed Basir Shuaib. ».
Looking into 2023, the companies of the global company will remain firmly focused on its core goal of “maintaining a strong business model while deriving significant value for our shareholders” from companies of all sizes whose growth ambitions extend to multiple countries and regions. From expansion in all sectors, specifically in the utilities, food, agriculture and information technology sectors.
