Dubai – Mubasher: Shuaa Capital on Monday announced that it has repurchased a number of 425,000 shares through Integrated Securities, a brokerage firm specializing in equities listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM).
The company bought the shares at an average execution price of AED 0.81 per share, according to a filing to the DFM.
The company eyes buying 81.74 million shares as per the Securities and Commodities Authority’s (SCA) approval.
By 11:37 am UAE time, Shuaa Capital’s stock rose 1.73% at AED 0.82.
