Dubai – Mubasher: Shuaa Capital has sold 8.149 million of its treasury shares, representing 0.32% of the total issued share capital.
Shuaa Capital has sold the treasury shares at a cost of AED 0.70 per share, according to a bourse filing on Monday.
Following the completion of the transaction, the remaining shares, which will be sold as per the Securities and Commodities Authority's (SCA) approval, reached 7.216 million.
It is noteworthy to mention that the CEO of Shuaa Capital, Jassim Alseddiqi, purchased a stake of 57.966 million shares through a special deal in the Dubai Financial Market (DFM).
