International Holding Company PJSC (IHC) has alerted the market to a phishing campaign where scammers are impersonating the firm to solicit sensitive financial information from investors. The company disclosed the warning through the Abu Dhabi Securities Exchange (ADX), advising that legitimate communications will only originate from its official ‘@ihcuae.com’ email domain.
IHC shares demonstrated minimal movement at the close of trading on Friday, settling unchanged at 399.60 dirhams. Trading activity was confined to a narrow range between 399.40 and 399.60 dirhams, with a volume of 237,109 shares generating approximately 94.7 million dirhams in turnover.
The broader UAE equity market finished the week with modest gains. Investor sentiment was influenced by ongoing diplomatic discussions between Iran and the United States, alongside fluctuations in global oil prices, which remain a key driver for regional markets.
This phishing alert highlights a growing cybersecurity concern for publicly listed companies and their shareholders. While such warnings are typically routine, they underscore the importance of investor vigilance. IHC, a major diversified conglomerate listed on the ADX, has seen its share price exhibit notable stability recently, repeatedly closing around the 399.5–399.6 dirhams level.
The immediate market focus now shifts to the weekly trading reopen. The Abu Dhabi Securities Exchange operates from Monday to Friday, with continuous trading sessions running from 10:00 to 14:45 Gulf Standard Time.
