Al-Alamiya Starts Share Repurchase Program
The International Holding Company announced the commencement of the first phase of its second share buyback program valued at 1.8 billion dirhams, as part of a total plan worth 5 billion dirhams approved by shareholders in March 2026. This comes after strong financial results in the first quarter of 2026, where revenues increased by 33.2% to reach 31.4 billion dirhams, and after-tax profits rose by 98.5% to 8.2 billion dirhams. The program aims to enhance sustainable value for shareholders, support the company's financial flexibility, and expand its investment portfolio.
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