CEO Today - Middle East Awards 2024

Board Member & CEO of IHC Shueb Syed Basar CEO Today Middle East Awards 2024 - UNITED ARAB EMIRATES - - 90 - About Syed Syed Basar Shueb has been CEO, Managing Director and a member of the Board of Directors of IHC since July, 2019. Alongside his tenure at IHC, Syed Basar has held the position of Group CEO of the Pal Group of Companies since 2000 and holds leadership positions on several other high profile companies, including Reem Finance PJSC, Chimera Investments, and Keyhole TIG (K-TIG) Limited, and is one of the key players in the UAE’s utilities services sector through PAL District Cooling. In addition to becoming Vice Chairman of Alpha Dhabi Holding (ADH), Syed Basar was elected to the Board of Directors of the Abu Dhabi Chamber of Commerce and Industry. An accomplished and respected senior executive, he has substantial and diversified experience in the processing, manufacturing, construction, finance and service industries, and was listed in the Middle East’s top-tier of CEOs by Forbes in 2021; Basar is known to be a decisive and pragmatic leader, and for his skill in creating and nurturing cohesive and focused business units that grow profitable bottom lines. He has played an integral part in IHC being in the top 10 performers of Abu Dhabi Bourse listed companies. About IHC IHC is one of the largest holding companies in the MEA region; our investments aren’t just business-led, they’re centered on impacting the world by creating opportunities. IHC was founded in 1998, as part of an initiative to diversify and grow non-oil business sectors in the UAE. Listed on the Abu Dhabi Stock Exchange (ADX), IHC is now one of the region’s foremost investment holding companies with a global presence extending across the Middle East, Europe and the Americas. Recently, IHC entered the Forbes’ 2020 list of ‘The Middle East’s Top 100 Companies’. IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, and business combinations. Comprising more than 100 entities, IHC is continually seeking to expand and diversify its holdings across a growing number of sectors, including Healthcare, Real Estate, Agriculture, Food and Beverage, Utilities, Industries, IT and Communications, Retail and Leisure, and Capital. With a core strategy to enhance shareholder value and achieve growth, IHC drives operational synergies and maximizes cost efficiencies across all verticals – it also continues to evaluate exciting investment opportunities through direct ownership and entering partnerships in the UAE and abroad.

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