Page 98 - ALEF EDUCATION PR REPORT NOVEMBER 2024

IHC buys back Dh984m worth shares so far

IHC buys back Dh984m worth shares so far

25 Nov 2024 19:23

A.SREENIVASA REDDY (ABU DHABI)

It was a day of mixed trading for the UAE stock markets on Monday, with flat trading reported at the
Abu Dhabi Securities Exchange (ADX) and strong positive trading at the Dubai Financial Market
(DFM).

ADX’s main index, FADGI, saw a marginal rise of 0.002% to reach 9,231.88 points.

International Holding Company (IHC) continued its share buyback programme on Monday. A total
of 112,952 shares worth Dh45.5 million were bought back by IHC at ADX at an average price of
Dh403 per share. So far, shares worth Dh984 million have been bought back, out of a total of Dh1.8
billion worth of shares to be purchased as part of the first tranche of the Dh5 billion share buyback
programme.

Meanwhile, Alef Education, a UAE-based global leader in education technology, announced it has
been added to the MSCI UAE Small Cap Index, just five months after its IPO.

A total of 28,815 trades were reported at the ADX, involving 438 million shares with a combined
value of Dh2.245 billion. The trading session saw share prices of 27 companies rise, while 46
companies experienced a decline. Additionally, seven companies closed unchanged compared to

https://en.aletihad.ae/news/business/4532198/ihc-buys-back-dh984m-worth-shares-so-far