News Column

FH backs back 20,000 shares

May 12, 2014

Staff Report

Financial House PJSC on Sunday bought back 20,000 of its own shares listed on the Abu Dhabi Securties Exchange for Dh3.6 a share. The buyback was approved at a board meeting on October 16, 2012, and SCA approved the purchase on March 17, 2014. The percentage of the purchased shares in the subscribed capital was 10 per cent. The number of shares remaining for purchase as per SCA approval is 30.230 million.

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Source: Gulf News (United Arab Emirates)

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