Kuwait-Mubasher: Refrigeration Industries and Storage’s board agreed on Tuesday to buy back 10% of the company’s treasury shares, according to a bourse statement on Wednesday.
The board said that the share value is stronger than its trading price of 300 fils, an opportunity the company will not miss, the filing said, citing availability of surplus unreflected in the stock performance.
The board will hold another meeting if the shares are not fully subscribed.
