Economy Local March 18, 2025

Successful Completion of Share Buyback in Abu Dhabi

IHC announced the successful completion of the first tranche of its share buyback program worth AED 1.8 billion and will begin the second tranche worth AED 1.5 billion.


Successful Completion of Share Buyback in Abu Dhabi

The company "Al-Khalij" announced the successful completion of the first stage of the share buyback program for a total of 1.8 billion dirhams. In the accompanying statement, published on the Abu Dhabi stock exchange regarding the securities, it was noted that the initiation of the second stage of the share buyback program for a total of up to 1.5 billion dirhams from the trading platform started in secondary.

"We are pleased to announce the successful completion of the first stage of the share buyback program and the transition to the second stage. These actions demonstrate our confidence in the financial stability of the company and its ability to provide stable dividends to our shareholders," noted the representative of "Al-Khalij."