International Holding Company continues its push into digital services. The Abu Dhabi based group has acquired a 70 percent stake in Dubai based payment technology firm Peko Holdings. The transaction supports IHC’s broader strategy to scale its presence in financial services and digital infrastructure. The Abu Dhabi Securities Exchange confirmed the deal. It did not disclose financial terms.
Founded in 2022, Peko has grown fast. It now supports more than 1,000 small and medium sized businesses. Its platform focuses on simplifying daily financial operations. IHC sees this move as a way to build stronger digital value networks across high growth sectors.
What Peko Brings to the Table
Peko offers a unified digital platform for core business operations. It reduces friction. Saves time. It helps founders focus on growth.
Key services include:
- Digital payments and collections
- Payroll management and employee expenses
- Business travel tools and corporate cards
- Invoicing and cash flow tracking
- Compliance and administrative support
Peko targets SMEs that need simple and fast tools. Its modular approach allows businesses to scale without switching platforms. This aligns closely with IHC’s long term digital vision.
Why This Deal Matters for IHC
IHC has expanded aggressively over the past six months. The group has invested across banking, finance, logistics, and technology. This acquisition strengthens its digital services layer.
Strategic benefits include:
- Deeper exposure to SME focused fintech
- Recurring revenue through platform services
- Strong data insights from business transactions
- Cross selling opportunities across IHC companies
By acquiring a majority stake, IHC gains operational influence. It can help Peko expand faster. It can also integrate the platform into its wider ecosystem.
Fit With IHC’s Broader Expansion Strategy
IHC has closed several notable deals recently. These include investments in First Women Bank, Sammaan Capital, Invictus Investment, and Zelog Limited. Each deal supports a connected growth model.
This strategy focuses on:
- Building integrated value chains
- Linking finance, technology, and infrastructure
- Targeting scalable and digital first businesses
- Supporting long term national economic goals
Peko fits cleanly into this framework. It serves a fast growing market. Relies on digital delivery. It scales efficiently.
Leadership View and Market Impact
Syed Basar Shueb, CEO of IHC, stated that the acquisition strengthens the company’s digital services portfolio. He highlighted the importance of building integrated value networks in high growth sectors.
The market sees this move as a signal. IHC is not slowing down. It continues to invest where technology meets real business needs. For Peko, the deal provides capital, reach, and credibility. For IHC, it adds a proven platform with strong SME traction.
This acquisition reinforces a clear message. Digital services now sit at the core of IHC’s growth strategy.