Source : WAM
Waha Capital PJSC announced on Wednesday that its proposed share buyback program, covering up to 10 percent of the company’s issued share capital, has received approval from the Abu Dhabi Securities Exchange (ADX), following endorsement by shareholders at a General Assembly Meeting.
The buyback will be carried out through open-market transactions in line with ADX and Securities and Commodities Authority (SCA) regulations, with the timing and volume of purchases guided by prevailing market conditions.
“This buyback reflects the Board’s confidence in the company’s outlook and our belief that the share price undervalues the intrinsic value of the company,” said Mohamed Hussain Al Nowais, Managing Director of Waha Capital. “As we build on this momentum heading into 2026, the share buyback programme represents a strategic and disciplined deployment of capital, reinforcing our focus on long-term value creation and delivering meaningful returns to our shareholders.”
For the first nine months ending September 30, 2025, the company reported a 22 percent year-on-year increase in net profit to AED 343 million, marking one of its strongest nine-month financial performances, supported by robust results across the business.
