Dubai – Mubasher: SHUAA Capital on Sunday announced the repurchase of 2.197 million shares as part of its buyback programme.
The repurchase was executed on Thursday, 22 November by Integrated Securities at AED 1.06 per share, SHUAA said in a filing to the Dubai Financial Market (DFM).
The total value of the repurchase transaction amounted to around AED 2.33 million.
The buyback programme was originally approved by SHUAA’s board in August and later by the Securities and Commodities Authority (SCA) on 19 September.
SHUAA still has 89.01 million shares left as part of its repurchase programme.
Earlier this month, Dubai-listed SHUAA posted a 31% profit growth to AED 30.1 million ($8.20 million) in the end of third quarter of 2018, its highest quarterly profits in a decade.
