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SHUAA Capital repurchases 716,255 shares at AED 1.06/share

2018-10-11 05:52:39 GMT (Economies.com)
SHUAA Capital repurchases 716,255 shares at AED 1.06/share
 

SHUAA Capital announced it bought back 716,255 of its shares, at not more than 10% of subscribed capital, on Wednesday, October 10th.

The buyback trade was executed at AED 1.063908 per share, totaling AED 762,029, the company said in a filing to DFM today.

The company’s shareholder approved last September the share repurchase, with the purpose of re-selling them. The board of directors was authorized to execute the decision within the period to be approved by Securities and Commodities Authority (SCA).

Shareholders also nodded to the board of directors’ recommendation on distributing 2 fils per share, for the six-month period ended June 30, 2018, pending the approval of regulatory authorities.

Shareholders of record till September 19, shall be entitled for the distribution.

 SHUAA’s H1-18 net profit fell 28% year-on-year to AED 26.3 million, from AED 36.8 million.

 
 
 
  Symbol Last Change Chg.%
1.1364
0.0053
0.4681%
1.2642
0.0044
0.3473%
14.641
0.077
0.529%
45.995
-5.215
10.184%
56.14
-3.44
5.77%
1249.350
11.100
0.896%
 
 
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