A. SREENIVASA REDDY (ABU DHABI)
Alpha Dhabi Holding has launched a share buyback programme under which it will repurchase shares worth Dh1 billion over a period of one year.
The repurchased shares will be either cancelled or sold back in accordance with the rules of the Abu Dhabi Securities Exchange (ADX), a disclosure by the company said.
The share buyback decision is driven by the company’s significant cash flow and strong balance sheet, the disclosure said.
The buyback programme was approved by the company’s board of directors on December 8, 2025, and subsequently authorised by the general assembly meeting held on January 12, 2026. The programme will run for one year from January 12, 2026 to January 11, 2027, although the tenure may be extended subject to approvals from shareholders and the ADX.
Shares purchased under the programme will be held as treasury shares and may be sold back in the market within two years from the date of the last purchase transaction. If the shares are not sold during that period, they will be cancelled and the company’s share capital will be reduced accordingly through a board resolution authorised by the general assembly.
Alpha Dhabi said the purchases will be financed through internal cash reserves and executed in the market at prevailing share prices on the ADX. All trades will be conducted in accordance with the exchange’s normal trading rules and cannot be carried out off-market.
The company has appointed International Securities LLC, a brokerage firm licensed by the Securities and Commodities Authority (SCA), to manage and execute the buyback programme. All purchase orders will be carried out exclusively through the broker.
The company added that the exact number of shares to be purchased will be approved periodically by persons delegated by the board, and purchases may be authorised on a monthly or quarterly basis. The transactions may also be paused or resumed during the programme period in compliance with applicable regulations.
Alpha Dhabi said it will disclose completed buyback transactions regularly to the ADX and on its website as required under market disclosure rules.
The company clarified that shares repurchased under the programme will be treated as treasury shares and will not carry voting rights at general assemblies or be counted towards quorum. No dividends will accrue on these shares while they remain in treasury.