International Holding Company (IHC) announced the launch of the first tranche of its previously approved share buyback programme, with planned purchases of up to AED 1.8 billion worth of shares.
The first tranche represents 36% of IHC’s total AED 5 billion share buyback programme, which was approved by shareholders during the company’s Annual General Assembly held on 16 March 2026.
Key highlights:
• First buyback tranche worth AED 1.8 billion
• Represents 36% of the total buyback programme
• Total approved buyback programme of up to AED 5 billion
• Buyback approved by shareholders in March 2026
• First tranche commenced on 12 June 2026
According to the company, share repurchases under the first tranche will be conducted in accordance with the standard trading rules of the Abu Dhabi Securities Exchange (ADX).
IHC also confirmed that completed purchase transactions will be regularly disclosed through both the ADX and the company’s official website, allowing investors to track the programme’s progress.
Share buyback programmes are often used by companies to return capital to shareholders and may also reflect management’s confidence in the company’s long-term prospects.
Source: Abu Dhabi Securities Exchange (ADX) Disclosure / International Holding Company (IHC)
Disclaimer: This post is for informational purposes only and should not be considered investment or financial advice.