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ABU DHABI (ALETIHAD)
IHC has acquired a 70% stake in Peko Holdings Limited, strengthening its digital services portfolio and expanding its exposure to technology-enabled platforms supporting small and mid-sized enterprises, the company said on Tuesday.
The Abu Dhabi-based investment group said Peko operates an all-in-one digital platform designed to simplify and automate core financial and administrative functions for businesses. These include bill payments, payroll, invoicing, corporate cards, business travel, compliance services and other operational workflows, delivered through a single integrated interface.
IHC said the acquisition aligns with its strategy of investing in scalable, technology-driven platforms with recurring, subscription-based revenues, strong customer retention and clear paths to long-term growth. Peko’s modular platform-as-a-service model is positioned to replace fragmented legacy systems commonly used by SMEs and mid-market companies, the statement said.
Syed Basar Shueb, Chief Executive Officer of IHC, said: “Peko represents the kind of scalable, future-ready platform we actively invest in, one that addresses real operational challenges for businesses while leveraging technology to unlock productivity and growth. This acquisition strengthens our digital services portfolio and advances our strategy of building integrated value networks across high-growth sectors. We see strong potential for Peko to scale regionally and globally, particularly as AI becomes increasingly embedded in enterprise operations.”
The statement said Peko is actively integrating artificial intelligence across its platform, including the introduction of an AI-powered assistant to automate routine tasks such as invoicing, expense management, forecasting and administrative documentation.
Kashif Khan, Founder and CEO of Peko Holdings Limited, said the partnership with IHC would support the company’s next phase of growth. “Peko was built with a clear vision to empower businesses with a single, intelligent platform to manage their operations end to end. Partnering with IHC marks a defining moment in our journey. With IHC’s scale, long-term perspective, and strategic support, we are well positioned to accelerate innovation, expand into new markets, and deliver greater value to SMEs worldwide,” he said.
IHC said the transaction follows a series of strategic acquisitions and investments completed over the past six months, including Invictus Investment, Sammaan Capital, First Women Bank Limited, and Zelo, as it continues to deploy capital into financial services, technology and digital infrastructure platforms.
However, the IHC statement did not mention the cost of the acquisition.
