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Abu Dhabi-based International Holding Company (IHC) plans to launch Judan Financial Holding, an AI-enabled global financial services platform expected to oversee more than 870 billion UAE dirhams (about USD 236.9 billion) in assets under management. The new entity will consolidate financial services assets from IHC, Alpha Dhabi, 2PointZero Group and Sirius International Holding, spanning banking, insurance, asset and wealth management, capital markets, fintech and non-bank financial services. Judan Financial is projected to have a valuation of around 100 billion dirhams and operate in over 13 countries, serving more than 11 million clients. Sheikh Tahnoon bin Zayed Al Nahyan will chair the company, with Mohamed Hassan Alsuwaidi as vice chairman, managing director and CEO.
Abu Dhabi-based International Holding Company (IHC) said on Friday it plans to launch Judan Financial Holding, a new AI-enabled international financial services holding company expected to oversee more than 870 billion UAE dirhams (approximately USD 236.88 billion) in assets under management.
Judan Financial will consolidate the financial services assets of IHC as well as those of Alpha Dhabi, 2PointZero Group and Sirius International Holding, based on their respective shareholdings and subject to regulatory approvals where required.
The platform will bring together operations across banking, insurance, asset and wealth management, capital markets, non-bank financial services and financial technology.
The company is expected to have a valuation of around 100 billion dirhams and oversee more than 20 operating financial services companies across over 13 countries, serving upwards of 11 million clients globally.
Judan Financial will be chaired by Sheikh Tahnoon bin Zayed Al Nahyan, while Mohamed Hassan Alsuwaidi will serve as vice chairman, managing director and chief executive officer. He has been tasked with scaling the platform over the next five years and raising third-party institutional capital.
Source - Reuters
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