Abu Dhabi's IHC to buy back up to $1.4 billion of its shares

DUBAI, May 6 (Reuters) - IHC (IHC.AD) , Abu Dhabi's largest listed company, said on Monday it would buy back up to 5 billion dirhams ($1.36 billion) of its shares as it reported that first-quarter profit almost doubled. The conglomerate said its profit for the first three months of the year rose to 8.02 billion dirhams from 4.27 billion a year earlier, while revenue grew to 19.29 billion from 15.74 billion in the first quarter of 2023, driven by strong performances in core divisions including real estate and construction, and...