A total of 7.04 million shares in Remco for Tourism Villages were offered today for sale in a share buyback bid made by the company, representing 7-times coverage, Cairo bourse said on Tuesday.
Earlier, the board of directors approved the repurchase of 1 million shares to support the stock’s trading activity in the Egyptian bourse.
On Tuesday, the company’s stock dropped 2% to EGP1.46, with a trading volume that exceeded 285,600 shares worth EGP417,900 over 76 transaction
