Dubai – Mubasher: SHUAA Capital on Sunday announced the repurchase of 2 million of its shares as part of a buyback programme.
The repurchase was carried out on Thursday, 20 December by Integrated Securities at AED 0.79 per share, SHUAA said in a filing to the Dubai Financial Market (DFM).
The total value of the repurchase transaction amounted to around AED 1.58 million.
SHUAA’s board originally approved the buyback programme in August. It was later reapproved by the Securities and Commodities Authority (SCA) on 19 September.
As part of the programme, SHUAA still has 83.165 million shares to repurchase, it added.
Dubai-listed SHUAA last reported a 31% profit growth to AED 30.1 million ($8.20 million) in the third quarter of 2018, its highest quarterly profit in a decade.
