IHC was founded in 1998 to diversify and develop the non-oil business sectors in the U.A.E. As of March 2024, it had more than 900 subsidiaries across diversified sectors, including asset management, healthcare, real estate, construction, financial services, energy & resources, marine, hospitality, technology, food and sustainability. In January 2024, IHC formed 2PointZero, a next generation holding company with assets expected to exceed $27.2 billion. In February 2024, IHC’s Q Holding rebranded as Modon Holding, combining Modon Properties, ADNEC and Miza Investments after the $12 billion merger of ADQ and IHC Capital Holding’s real estate assets.