SHUAA executes buy-back

Dubai: Shuaa Capital said on Monday the company has bought back some of the 10 per cent shares from the open market.

SHUAA bought 0.7 million shares of the issued capital at an average price of Dh1.06 on October 11.

SHUAA bought 1 million shares of the issued capital at an average price Dh1.05 on October 11, and the company bought back 8.8 million shares for an average price of Dh1.07 each on October 14, the company said in a statement.

The buy-back was done through Integrated Securities. The company plans to buy-back 92 million remaining shares from the shareholders.