Abu Dhabi’s International Holding Company has bought a 25 per cent stake in Dubai-based trading company Invictus through one of its subsidiaries.
IHC Food Holding will make buy the stake through a subsidiary, the company said in a brief statement on Wednesday to the Abu Dhabi Securities Exchange, where its shares are traded.
Established in Jafza in 2014, Invictus Trading initially managed raw material import requirements for Sudan-based manufacturing conglomerate DAL Group. It has since expanded operations, specialising in trading various commodities, agri-food and finished goods across Africa, the Middle East and Asia.
Source : https://www.thenationalnews.com