Shuaa Capital said it bought back 773,904 shares for an average price of Dh1.08 on Wednesday.

The company has bought back a total of 14.62 million shares so far since the operation started on October 10, the company said in an email to Gulf News.

The company, which is executing this buy back through Integrated Securities, is expected to buy 91.87 million more shares from its shareholders. Shares of Shuaa Capital closed 0.9 per cent lower at Dh1.08 in a firm Dubai market.