Abu Dhabi, UAE; Mumbai, India; 2 October 2025: Interna(onal Holding Company PJSC (“IHC”), a global investment company focused on building dynamic value networks and the most valuable holding company in the Middle East (ADX:IHC, market cap. ~US$240 bn, ~INR 21.3 lakh crore), today announced that it has entered into defini(ve agreements to acquire a controlling stake of 41.2% stake in Sammaan Capital (“SCL”, “Company”) for a total considera(on of INR 8,850 crore (approx. AED 3.67 bn) through its affiliate, Avenir Investment RSC LTD
The transac>on marks IHC’s foray into the financial services sector in India and represents the largest ever primary capital infusion by an investor in a non-bank financial company in India.
The investment and Promoter ownership of IHC is expected to fuel the next leg of growth for Sammaan Capital on the back of long-term pa(ent capital, deeper access to low-cost liabili(es and an improved credit ra(ng.
As part of the transac(on, IHC will be inves(ng INR 8,850 crore in Sammaan Capital via a preferen(al allotment of equity shares and warrants at a price of INR 139 per share. The transac(on will trigger a mandatory open offer for the purchase of an addi(onal 26.0% stake in the Company on an expanded capital basis.
Based on the open offer subscrip(on, IHC’s stake post the investment will vary between 41.2% to 63.4% on a fully diluted basis (including shares to be issued pursuant to exercise of warrants).
IHC will be classified as Promoter of the Company post the investment and will have the right to appoint majority of the Board of Directors. The transac(on is subject to the regulatory and statutory approvals and customary closing condi(ons.
Syed Basar Shueb, CEO of IHC, commented: “India represents a core strategic market for us, and its long-term growth fundamentals are compelling. We have been impressed by Sammaan Capital’s leadership in enabling home ownership and empowering small businesses across the country.
This USD 1 billion investment reaffirms our commitment to suppor(ng Sammaan Capital in its next phase of development, including the adop(on of AI to enhance lending and credit solu(ons, and to contribu(ng meaningfully to India’s financial ecosystem.”
Mr. Gagan Banga, Managing Director and CEO of Sammaan Capital, said “Sammaan Capital’s journey has been defined by resilience, adaptability, and an unwavering commitment to crea(ng stakeholder value.
We are proud to join the IHC family and contribute to its expansive global vision. Under IHC’s parentage, we will con(nue to focus on providing affordable housing finance and mid-market mortgage solu(ons to our customers, leveraging IHC’s strong technology
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capabili(es. The alignment of aspira(ons between IHC and Sammaan Capital is deeply encouraging, and we are confident that our experienced and dynamic leadership will propel the next phase of growth with renewed energy and purpose.”
About International Holding Company (IHC):
Established in 1999, IHC has become the most valuable holding company in the Middle East and one of the world’s largest investment firms, with a market capitalization of AED 881.6 billion (USD 239.9 billion).
Since then, it has transformed to represent a new generation of investors. IHC’s commitment to sustainability, innovation, and economic diversification spans over 1,300 subsidiaries, driving growth across industries like Asset Management, Healthcare, Real Estate, Financial Services, IT, and more.
IHC continually looks beyond the stand-alone value of its assets for opportunities, stepping outside of traditional approaches and artificial barriers to unlock opportunities across its portfolio, enabling sector-agnostic Dynamic Value Networks and creating results that are often much greater than the sum of their parts.
At IHC, we take our responsibility to shareholders, customers, and employees seriously. Our commitment to responsible investment ensures that we create sustainable value by staying connected to the communities we serve, making a positive difference with every investment. www.ihcuae.com
About Sammaan Capital Limited:
Founded in the year 2000, Sammaan Capital Limited [SCL] [BSE: 535789, NSE: SAMMAANCAP] is one of India’s largest non-bank lenders, focused primarily on extending mortgage loans. SCL has a pan-India presence through 4,430 employees opera(ng out of 220 branches in over 150 towns and ci(es.
Over its 25 years of opera(ons, SCL has helped over 680,000 families buy homes by extending home loans of over USD 19 Bn, and has extended USD 9.5 Bn of mortgage-backed loans to over 100,000 small businesses. SCL has strong, stable management team with dept of experience and a demonstrated track of naviga(ng through lending cycles.
