Orascom Construction's buyback price set at EGP 74.05/shr

Cairo – Mubasher: Orascom Construction Ltd said Thursday that the board of directors approved buying back one million treasury shares at EGP 74.05 each, according to a statement.  

Shareholders whom hold their shares on the Egyptian Exchange only would be entitled to this offer, the statement revealed.

On Wednesday, the stock was placed at EGP 70.25 with a 1.36% slide.

 

Mubasher Contribution Time: 29-Sep-2016 07:40 (GMT)
Mubasher Last Update Time: 29-Sep-2016 07:40 (GMT)