Syed Basar Shueb

IHC acquired a 60% shareholding in Royal Horizon Holding for $21 million in January 2021 through its subsidiary Zee Stores. It reported revenues of $1.9 billion and $4.5 billion in assets in 2020. Under Shueb’s leadership, IHC listed three of its subsidiaries, Zee Stores, Palms Sports and Easy Lease, on Abu Dhabi Securities Exchange’s Second Market in December 2020. Shueb is also the CEO of PAL Group of Companies, and he founded District Cooling in 2006. He oversees’ IHC’s workforce of over 3,000 people working in 30 entities.