"Abu Dhabi Securities" Agrees to a buyback program "Waha Capital" For its shares
Abu Dhabi, December 24 / WAM / Al Waha Capital announced that it has obtained the approval of the Abu Dhabi Securities Market for its Board of Directors’ proposal to implement a buyback program of up to 10% of the company’s issued capital, after it was approved by its shareholders during the recently held General Assembly meeting.
The program will be implemented through open trading operations in the market, in accordance with market regulations and the Securities and Commodities Authority, provided that the pace and size of purchase operations will be determined according to market data and developments.
Mohammed Hussein Al Nowais, Managing Director at Al Waha Capital, said: This program reflects the Board of Directors’ confidence in the company’s future prospects, and our belief that the current share price does not reflect the true value inherent in the company. The buyback program represents a strategic and disciplined step to deploy capital, which reinforces our focus on achieving long-term value and providing remunerative and tangible returns to our shareholders.
The company recorded a 22% year-on-year increase in net profits attributable to shareholders, reaching 343 million dirhams during the nine months ending on September 30, 2025.
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