IHC buys 70% of payment tech company Peko Holdings
Abu Dhabi’s International Holding Company (IHC) has acquired a 70 percent stake in Peko Holdings, a Dubai-based payment technology company, in a move that could consolidate IHC’s digital service portfolio.
A statement issued by the Abu Dhabi Securities Exchange gave no financial details of the deal.
Established in 2022, Peko Holdings is a digital platform to help businesses streamline financial operations and essential administrative processes. It manages bill payments, payroll, business travel, invoicing, corporate cards and compliance services.
Peko serves more than 1,000 small and medium-size enterprises, including Malabar Gold & Diamonds, Aramex, and Lulu Exchange, according to its website.
IHC has been acquiring companies in financial services, technology and digital infrastructure over the last six months, namely Invictus Investment, Sammaan Capital, First Women Bank Limited, and Zelo.
“The acquisition strengthens our digital services portfolio and advances our strategy of building integrated value networks across high-growth sectors,” IHC chief executive Syed Basar Shueb said.
Further reading:
- IHC pays $114m to raise stake in Invictus Investment
- IHC earnings given lift by hospitality and real estate
- IHC plans to exit minority investments worth up to $25bn
In a separate statement, NRTC Food Holding, a unit of Ghitha Holding, owned by IHC, announced the acquisition of 70 percent of Taaza Healthy Food Industries and Taaza Quality Foodstuff Trading for an undisclosed sum.
In November, IHC said its revenues surged 32 percent year on year to AED84.6 billion ($23 billion), while net profit rose 8 percent annually to AED19.5 billion in the first nine months of 2025.
IHC’s shares traded at AED399.60 on Wednesday, down nearly 1 percent since the start of the year. The conglomerate is led by Sheikh Tahnoon bin Zayed Al Nahyan, who is also the UAE’s national-security adviser.
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