Abu Dhabi – Mubasher: International Holding Company (IHC) has entered into an agreement to invest $1 billion in Sammaan Capital Limited, a publicly listed company on the Bombay Stock Exchange and the National Stock Exchange of India.

The Indian company operates through 220 branches in over 150 towns and cities, with more than 4,430 employees, according to a press release.

IHC’s investment aligns with its commitment to expanding access to capital, accelerating innovative credit solutions, and supporting inclusive growth.

Syed Basar Shueb, CEO of IHC, commented: “This $1 billion investment reaffirms our commitment to supporting Sammaan Capital in its next phase of development, including the adoption of AI to enhance lending and credit solutions, and to contributing meaningfully to India’s financial ecosystem.”

Gagan Banga, CEO and Managing Director of Sammaan Capital Limited, said: “Joining the IHC Group opens new horizons for us. The alignment in our aspirations is deeply encouraging, and we believe our experienced and dynamic team will drive the next phase of growth with renewed energy and purpose.”

This $1 billion investment strengthens IHC’s global portfolio and reinforces its presence in one of the world’s most dynamic financial markets.

Meanwhile, the transaction is subject to regulatory approvals from the Reserve Bank of India and the Competition Commission of India, as well as other customary closing conditions.

In the first half (H1) of 2025, IHC logged net profits valued at AED 10.80 billion, compared to AED 12.31 billion a year earlier.