International Holding Company PJSC

International Holding Company PJSC (IHC) has issued a disclaimer to alert the public about scams using the company's name, employee names, and logo to promote fraudulent investment opportunities and tenders. These scams request personal, business, and financial information, including credit card and bank details, for payments or investments. IHC emphasizes that it never sends such requests through email, mail, or any other means. The company advises caution and urges individuals not to provide sensitive information if they receive such requests. To verify legitimacy, emails should originate from the "@ihcuae.com" domain. IHC advises staying informed through their official website or the ADX platform to avoid scams.

International Holding Company PJSC (IHC) has issued a notice warning the public about scams using the company's name, employee names, and logo to promote fraudulent investment opportunities and tenders online. These scams request personal, business, and financial information, including credit card and bank details, purportedly for tender fees or investments. IHC emphasizes that it will never request such information or payments via email, mail, or any other means. The company advises caution and verification of any communication claiming to be from IHC, ensuring it originates from the official "@ihcuae.com" domain. To avoid scams, individuals are encouraged to stay informed through IHC's official website or the ADX for the latest news and disclosures.

International Holding Company (IHC), a diversified conglomerate based in Abu Dhabi, announced strategic recommendations from its AI-powered tool, Aiden Insight, following a Q3 2024 board meeting. Aiden Insight has been instrumental in analyzing data and proposing strategies to enhance IHC’s growth and governance. Key recommendations include prioritizing receivables management to maintain financial momentum, enhancing corporate governance to ensure transparency and compliance, and accelerating AI deployment to improve efficiency and reduce costs. IHC reported significant financial growth in Q3, with a 49.4% increase in revenue and an 18.3% rise in profit-after-tax for the first nine months of 2024.

International Holding Company P.J.S.C (IHC) has initiated a share buyback program valued at up to AED 5 billion, approved by its Board of Directors on May 6, 2024, and by the general assembly on June 20, 2024. The program will run from June 20, 2024, to June 19, 2025, with the possibility of extension subject to approval by the Abu Dhabi Securities Exchange (ADX). The buyback will be managed by International Securities LLC, the sole authorized broker, and will be executed in tranches based on market prices at the time of purchase. The shares bought back will be treated as treasury shares and may be sold back within two years or canceled, reducing the company's share capital. The program complies with Article 221 of the Federal Decree Law No. 32 of 2021 on Commercial Companies and ADX Operational Rules. Shareholders can sell their shares during the program through standard market procedures, and all transactions will be disclosed per regulatory requirements.

International Holding Company PJSC (IHC) has issued a notice alerting the public about scams using the company's name, employee names, and logo to advertise fraudulent investment opportunities and tenders. These scams request personal, business, and financial information, as well as credit card or bank details. IHC emphasizes that it does not request such information or payments via email, mail, or any other means. The company advises caution if such requests are received and recommends verifying the legitimacy of communications by checking the sender's email address, which should always come from an "@ihcuae.com" domain. To stay informed and protect against scams, IHC encourages visiting their official website or checking news and disclosures on the ADX website.

The International Holding Company (IHC) has announced its plan to initiate a share buyback program, starting with a first tranche valued at AED 1.8 billion. This represents 36% of the total buyback program. The buyback orders for this tranche will begin on Monday, November 18, 2024, following the standard trading rules of the Abu Dhabi Securities Exchange (ADX). The company will regularly disclose completed purchases on both the ADX and its own website.

International Holding Company (IHC) has announced the launch of a AED 5 billion Share Buyback Program, starting with an initial purchase of AED 1.8 billion, which accounts for 36% of the total program. The first tranche will commence on November 18, 2024. This initiative aims to enhance shareholder value and optimize capital allocation, demonstrating IHC's confidence in its growth potential. Approved in June 2024, the program will last one year, with potential extensions subject to regulatory approval. It will be executed in tranches, either monthly or quarterly, by International Securities LLC. CEO Syed Basar Shueb highlighted the program's role in reinforcing shareholder value and maintaining an efficient capital structure, reflecting the company's financial resilience and growth outlook.

International Holding Company PJSC (IHC) has issued a notice to inform the public about the misuse of its name, employee names, and logo by scammers promoting fraudulent investment opportunities and tenders online. These scammers are requesting personal, business, and financial information, including credit card and bank details, under the guise of paying tender fees or investing in the company. IHC emphasizes that it never requests personal, business, or financial information through email, mail, or any other means, nor does it ask for payments or investments in such a manner. The company advises verifying the legitimacy of communications by checking that emails come from the official "@ihcuae.com" domain. IHC urges individuals to stay informed about potential scams by visiting its official website or checking news and disclosures on the ADX platform.