IHC Acquires 70% Stake in Peko to Boost Digital Services Portfolio

Abu Dhabi’s International Holding Company (IHC) has acquired a 70% stake in Dubai-based payment technology firm Peko Holdings, a move aimed at strengthening IHC’s digital services portfolio. The Abu Dhabi Securities Exchange statement did not disclose the financial terms of the deal.

Founded in 2022, Peko Holdings provides a digital platform to streamline businesses’ financial and administrative operations, including payments, payroll, business travel, invoicing, corporate cards, and compliance services, serving more than 1,000 SMEs.

The acquisition is part of IHC’s expansion in financial services, technology, and digital infrastructure over the past six months, involving deals with First Women Bank, Sammaan Capital, Invictus Investment, and Zelog Limited.

Syed Basar Shueb, IHC CEO, said: "The acquisition strengthens our digital services portfolio and advances our strategy of building integrated value networks across high-growth sectors."