Abu Dhabi-based conglomerate International Holding Company (IHC) will proceed with its plan to repurchase shares worth up to AED 5 billion ($1.36 billion), following shareholder approval at the Annual General Assembly held on 16 March.
The buyback programme represents approximately 0.6% of the company’s total issued shares, reflecting a measured capital allocation approach.
Board Authorised to Execute Repurchase
Following the approval, IHC’s board of directors has been authorised to take all necessary decisions to implement the share repurchase programme.
The company indicated that execution will be carried out in coordination with the Capital Market Authority and the Abu Dhabi Securities Exchange, ensuring compliance with applicable market regulations.
Strategic Capital Management
The buyback initiative forms part of IHC’s broader capital management strategy, aimed at optimising shareholder value and reinforcing confidence in the company’s long-term growth outlook.
The move comes amid continued activity by major corporates in the United Arab Emirates capital markets, reflecting strong balance sheets and sustained investor confidence.
