Shuaa Capital announced that it has sold about 8.75 million treasury shares; A rate of 0.35% of the subscribed capital.
The company said in a statement to the Dubai Financial Market, today, Sunday, that the price of the shares sold amounted to 0.69 dirhams per share in each transaction.
and indicated that the sale was made through its international securities broker.
and clarified that the number of remaining shares for sale according to the approval of the UAE Securities and Commodities Authority is 19.39 million shares.
The company’s board of directors had recommended distributing cash dividends to shareholders for the past year at 3% of the capital at 3 fils per share.
