IHC, based in Abu Dhabi, launches a $1.36 billion share buyback to boost shareholder value.

The Abu Dhabi-based International Holding Company (IHC) has launched a Dh5 billion ($1.36 billion) share buyback program, starting with an initial tranche of Dh1.8 billion on November 18. The program, approved in June, aims to enhance shareholder value and optimize capital allocation, with purchases managed by International Securities LLC. The buyback, set to run for a year, will be executed in tranches on a monthly or quarterly basis.

November 14, 2024
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