Elsewedy completes 3.6m shares buyback

Cairo – Mubasher: Elsewedy Electric has completed buying back 3.6 million treasury shares at EGP 62.5 each, totaling EGP 225 million, according to a bourse filing on Tuesday.

Bids received for Elsewedy's treasury shares reached 12.31 million, the Egyptian Exchange announced Monday.

On Tuesday, the stock quote saw no trading activity until 10:20am Cairo local time and closed Monday's session at EGP 60.35.  

Mubasher Contribution Time: 18-Oct-2016 08:55 (GMT)
Mubasher Last Update Time: 18-Oct-2016 08:55 (GMT)