IHC Digital, a subsidiary of International Holding Company (“IHC”), has successfully completed a AED 250 million acquisition of a 54% stake in Middle East information and communications technology (ICT) provider Emircom.
The transaction, which closed on 28 September 2022, comes as part of IHC’s group-wide strategy to grow its digital assets portfolio and to expand into new growth areas.
With various strategic partnerships with prominent players in the sector of ICT, Emircom has a slew of successful infrastructure projects under its belt.
Norton Rose Fulbright advised IHC Digital in the transaction. The mandate was jointly led by senior partner Zubair Mir (corporate finance Dubai office, pictured left) and partner Kayaan Unwalla (corporate finance Dubai Office, pictured right), who were supported by counsel Shazi Askarpour (Corporate Dubai Office), associate Amira Nassar (Corporate Dubai Office) and consultant John Boehm (Corporate and m&a Saudi Arabia Office).