Abu Dhabi’s International Holding Company (IHC) has officially commenced the first phase of its second share buyback initiative, allocating Dh1.8 billion for the process. This initial tranche, which began on June 12, accounts for roughly 36 percent of the total Dh5 billion buyback plan previously greenlit by shareholders during the company’s Annual General Assembly. Operations are being carried out in strict accordance with Abu Dhabi Securities Exchange (ADX) regulations, with International Securities LLC serving as the appointed broker to manage the acquisitions.

This move follows a period of exceptional financial growth for IHC, which recently reported a 33.2 percent year-on-year revenue jump to Dh31.4 billion and a massive 98.5 percent surge in after-tax profits. According to company leadership, this buyback is a strategic effort to optimize capital management, allowing the firm to maintain financial flexibility while continuing to invest in diverse growth opportunities. CEO Syed Basar Shueb emphasized that the program reflects a commitment to disciplined capital allocation and delivering long-term value to shareholders, even as the company aggressively pursues new investments across its portfolio.