Syed Basar Shueb, board member& CEO of IHC

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. Leading IHC since 2019, Shueb orchestrated the acquisition of a 55% stake in Reach Employment Services for $85.8 million in Feb '23. By Oct '23, IHC's stake in Adani Enterprises exceeded 5% ($1.7 billion). In the first 9 months of '23, IHC reported $11.7 billion in revenues and $65.9 billion in assets.