2023-11-04 22:01:06
International Holding Company announced the transfer of four of its subsidiaries in the field of environment to Sirius International Holding Company.
Sirius will harness industrial and technological solutions for decarbonisation, methane capture and reduction, clean energy efficiency, and water recovery and efficiency, as a catalyst for positive change and reduced environmental impact.
The ownership transfer includes (Green Energy Investment Holding RSC LTD, Green Enterprise Investment Holding RSC LTD, Green Vitality LTD, and 80% of Rebound Limited).
This deal represents a continuation of an expected achievement, as part of the International Holding Company’s plans to grow Sirius International Holding Company, to become one of its main subsidiaries, along with the other eight subsidiaries listed on the Abu Dhabi Stock Exchange.
“The transfer of these four entities increases our focus on future growth, and also allows for a disciplined distribution of assets, in line with our strategic plan to enhance the expansion of Sirius International Holding,” said International Holding Company CEO, Syed Basr Shuaib.
Sirius’ comprehensive approach includes a transformative journey to a digitally interconnected world, enabling governments, businesses and communities to excel through pioneering technological innovations.
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