Ard Holdings
Board of Directors of the newly founded Ard Financial Group (Ard Holdings) is pleased to announce a successful acquisition of Ard Daatgal and Ard Credit from InterGroup by EIT LLC or Equity Investment Trust (formerly known as Employee Investment Trust). This merger was structured as a combination of cash and stock transfers between EIT and InterGroup making the latter the single largest shareholder in the holding company. This M&A is considered to be the largest to date in the financial services industry in Mongolia, producing a company with net asset value close to MNT 30 billion. Ard Holdings will operate primarily in the financial services industry through investments in leading industry players in Mongolia. By capitalizing on the expertise of its founders it will engage in cross-borderinvestments. Ard Holdings’ subsidiaries are Ard Daatgal, the nation’s 4th general insurance provider, Ard Credit non-bank financial company, which is pioneering into internet based microlending, Monet Capital, one of the leading brokerage firms with an investment banking arm, and the Institute of Engineering and Technology, a leading vocational training center in Mongolia. Ard Holdings is also a minority shareholder in various other industry players. InterGroup is a diversified holding company with operations in financial services, pharmaceutics, logistics and transportation, road construction, and building materials production. EIT was originally founded to enable employee share ownership in XacBank and TenGer Financial Group. Gradually it expanded into various industries. It underwent a consolidation process then and is currently refocusing on the financial services industry. It is owned by over 370 shareholders, including top Mongolian corporations.
7-day free trial · no credit card
Verified contacts
8
available on Kipplo
LinkedIn employees
13
11 to 50 range
Open roles
—
no listings
Distinct roles
8
indexed titles
Tech stack
0
tools in use
Monthly traffic
—
organic / mo
Sign up free to see all 8 verified contacts at Ard Holdings
Free for 7 days · 50 credits · no card · only pay for verified records.
Decision-makers and verified team members
8 contacts with verified email or phone · masked until revealed.
No verified contacts on record for this company yet.
Top roles at Ard Holdings
8 distinct titles indexed · top 8 shown.
- 1board member
- 1chief audit executive
- 1chief digital officer (cdo)
- 1coo
- 1general accountant
- 1head of branch management ard insurance llc
- 1sales manager
- 1secretary
Sign up to unlock all 8 contacts at Ard Holdings
Free for 7 days · 50 credits · no card · only pay for verified records.
Sign up to reveal 8 verified contacts at Ard Holdings
7-day trial · no credit card · cancel anytime · only pay for verified records.
Trusted by sales, marketing, and GTM engineering teams.