A direct deal involving International Holding Company (IHC) shares, valued at over Dh149 million, was executed today on the Abu Dhabi Securities Exchange (ADX).
The transaction included 360,000 IHC shares, each priced at Dh414.
Such large direct transactions are conducted outside the regular order book, meaning they do not impact the closing share price, the price index, or the highest and lowest prices recorded during the session and the past 52 weeks.
Last week, IHC announced a Dh5 billion share buyback programme, initiating with a Dh1.8 billion tranche, representing 36% of the total. The programme spans one year, allowing for monthly or quarterly tranches. Each purchase is disclosed by ADX transparency requirements.
IHC reported a net profit of Dh12.3 billion for the first half of 2024, marking an 18% jump compared to the same period a year prior.
