IHC's unit acquires 60% of Afkar Financial and Property Investment

Abu Dhabi – Mubasher: IHC Industrial Holding, a wholly-owned subsidiary of International Holdings Company (IHC), has completed the acquisition of 60% of the share capital of Afkar Financial and Property Investment.

Established in 2008, Abu Dhabi-based Afkar sells household and office furniture, curtains, upholstery, and interior decoration materials, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Tuesday.

Afkar also operates 2XL Furniture & Home Decor branches located in Abu Dhabi, Sharjah, and Dubai.

It is noteworthy to mention that in October, IHC invested GBP 39 million in Oxford Nanopore Technologies to support the innovation and acceleration of commercial and manufacturing operations at the British company.

Mubasher Contribution Time: 12-Jan-2021 13:50 (GMT)
Mubasher Last Update Time: 12-Jan-2021 13:50 (GMT)