Global diversified Abu Dhabi-based conglomerate International Holding Company (IHC) has formed Rorix Holdings, a global finance and trade facilitation company focused on financial services, trade finance, advisory, commodities and trade insurance sectors.
The move will lead to more inclusive economic development by serving as an entry point through the UAE for local, regional and global businesses to access new markets.
The formation of Rorix Holdings also underscores IHC’s commitment to supporting the UAE’s economic diversification through strategic investments and initiatives that drive innovation, growth, and sustainable development.
Boosting trade volumes
By offering comprehensive services and cutting-edge solutions, Rorix Holdings aims to accelerate trade volumes, attract foreign investment, and foster economic partnerships that will promote sustainable growth across multiple sectors. This transformative project will shape the future of international trade and reinforce the UAE’s role as a key player in the global economy.
“As the UAE expands its market access through its Comprehensive Economic Partnership Agreement (CEPA) strategy, Rorix Holdings will leverage the latest technologies and trade solutions to empower businesses of all sizes to thrive in the international marketplace. Rorix Holdings will also play a crucial role in realizing the UAE’s vision in facilitating seamless trade across borders and will serve as a crucial enabler for traders, service companies, entrepreneurs, and SMEs seeking new markets,” said IHC CEO Syed Basar Shueb.
Navigating global trade flows
The launch of Rorix Holdings comes at a pivotal time when businesses worldwide are seeking comprehensive support to navigate complexities of international flow of trade. Rorix Holdings will engage in strategic partnerships and alliances with numerous UAE and international stakeholders in areas such as trading, financial services, commodities, logistics and distribution.
IHC is one of the most valuable listed holding companies in the Middle East with a market cap of AED895 billion as of June 30, 2024. Its portfolio comprises over 1,000 subsidiaries.
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