Today's Edition
ABU DHABI (ALETIHAD)
IHC has announced the launch of its second share buyback programme, with an initial tranche of Dh1.8 billion allocated for the repurchase of its shares.
The first tranche represents 36% of the total Dh5 billion share buyback programme approved by shareholders at IHC’s Annual General Assembly held on March 16, 2026, and disclosed on March 26, 2026.
The purchases are scheduled to commence on June 12, 2026, and will be executed in accordance with applicable regulations and standard trading rules of the Abu Dhabi Securities Exchange (ADX), IHC said in a statement.
The broader Dh5 billion programme is expected to be implemented through a series of tranches, with purchases conducted periodically within each tranche. IHC said details of each tranche and completed purchases will be disclosed on an ongoing basis through ADX and the company’s website.
International Securities LLC, IHC’s appointed broker, will manage and execute purchases under the programme on behalf of IHC. The announcement follows IHC’s first-quarter 2026 results, which the company described as one of the strongest quarters in its history.
Revenue increased 33.2% year-on-year to Dh31.4 billion, while profit after tax rose 98.5% to Dh8.2 billion.
IHC said growth was supported by contributions across its diversified portfolio, reflecting the scale, resilience and earnings strength of the group’s businesses.
The company said the share buyback programme forms part of its broader capital management strategy, supporting the efficient deployment of capital while maintaining the flexibility to pursue strategic growth opportunities across its diversified portfolio.
Syed Basar Shueb, CEO of IHC, said: “The launch of our second share buyback programme reflects both the strength of IHC’s financial position and our continued confidence in IHC’s long-term prospects.
"Following one of our strongest quarters to date, we remain focused on disciplined capital allocation and creating sustainable value for shareholders. As we continue to expand our portfolio and pursue strategic opportunities across key sectors and markets, we remain committed to balancing investment for future growth with attractive returns for our investors.”
IHC said the programme highlights its confidence in its long-term outlook and commitment to delivering sustainable shareholder value. By maintaining a disciplined approach to capital deployment, the company said it seeks to enhance capital efficiency and maintain a resilient capital structure while preserving the flexibility required to pursue strategic growth opportunities.
As IHC continues to strengthen its portfolio and expand its presence across key sectors and markets, the programme reinforces the group’s objective of generating long-term returns for shareholders while supporting its next phase of growth and value creation.
Established in 1999, IHC said it has become the most valuable holding company in the Middle East and one of the world’s largest investment firms, with a market capitalisation of Dh855 billion.
The company said its portfolio spans more than 1,300 subsidiaries across four key sectors: technology, infrastructure, financial services and consumer.
