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IHC Announces First Tranche of AED 5 billion Share Buyback Program with AED 1.8 billion Initial Purchase

November 14, 2024

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Syed Basar Shueb: “Launching the Share Buyback Program reaffirms our commitment to generating long-term value for our shareholders. With our robust cash flow and strong balance sheet, we are well positioned to implement this strategic initiative that reflects our confidence in IHC’s ongoing growth and market potential."

  • First tranche of AED 1.8 billion, representing 36% of the total AED 5 billion program, to begin on November 18, 2024
  • The program reflects IHC’s commitment to shareholder value enhancement and confidence in future growth

Abu Dhabi, UAE - 14 November 2024: International Holding Company (ADX:IHC), the global diversified Abu Dhabi-based conglomerate, announced the launch of its AED 5 billion Share Buyback Program, beginning with an initial tranche of AED 1.8 billion, representing 36% of the total program. The first tranche is scheduled to commence on Monday, November 18, 2024. This strategic initiative underscores IHC’s commitment to enhancing shareholder value and optimizing capital allocation.

The Share Buyback Program, approved at IHC’s General Assembly on June 20, 2024, and subsequently endorsed by the Board, will span one year with the possibility of extension pending regulatory approval. The program will be executed in tranches on a monthly or quarterly basis, with multiple purchases within each tranche. Each tranche will be disclosed in alignment with ADX’s strict market transparency requirements. International Securities LLC, a licensed brokerage firm and IHC’s appointed financial institution, will exclusively manage and execute the purchases.

“Launching the Share Buyback Program reaffirms our commitment to generating long-term value for our shareholders. With our robust cash flow and strong balance sheet, we are well positioned to implement this strategic initiative that reflects our confidence in IHC’s ongoing growth and market potential. This program marks a significant step in optimizing our capital structure while strengthening our position as a leader in sustainable value creation and growth."

Syed Basar Shueb

CEO of IHC

This program represents a proactive approach to reinforcing shareholder value and maintaining an efficient capital structure, while reflecting confidence in the Group's financial resilience and sustained growth outlook. As IHC continues to strengthen its portfolio and expand its market presence, the share buyback program will play a crucial role in enhancing shareholder returns and supporting the Group's long-term vision.


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