ZAWYA: Abu Dhabi’s IHC to launch $49mln share buyback today

About this update from International Holding Company Pjsc

Staff WriterAbu Dhabi-based conglomerate International Holding Company (IHC) has announced the launch of the first tranche of approximately AED 1.8 billion ($49 million) share buyback programme.Purchases under the buyback programme of up to AED 5 billion will begin today.The initial tranche represents 36% of the total authorised buyback programme, Abu Dhabi’s largest listed company said.IHC has a diversified portfolio spanning sectors including energy, healthcare, food, real estate and technology.(Writing by Brinda Darasha; editing by Seban Scaria)[email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

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