The Board of Directors recommended a share buyback programme of up to 5% of the Company’s issued share capital, to be executed over a period of up to two years from shareholder approval.
Shareholders will vote on a final 2025 dividend of USD 219 million (3.450 fils per share) at the AGM on 13 April 2026, bringing total 2025 dividends to USD 421 million (6.638 fils per share).
The Board mandated the appointment of a liquidity provider for its shares on the Dubai Financial Market (DFM) to enhance order book depth and trading liquidity.
The buyback programme is expected to be funded from existing cash resources and ongoing free cash flow generation through open-market transactions.