The large international company IHC announced the launch of a share buyback program for a total of 5 billion dirhams. This strategy allows the company to repurchase part of its shares from investors, which contributes to increasing their value in the market.
The share buyback program is usually one of the ways for companies to use free funds or long-term investments to enhance the value of their shares. It can also be used to retain the participation of shareholders whose interests may contradict the company's interests.
"We believe that the share buyback program will help improve the capital structure of the company and create additional value for our shareholders," noted a representative of IHC.
This step by the company demonstrates a commitment to enhance the financial situation and increase investor confidence.
