Abu Dhabi: Waha Capital said on Thursday it plans to buy-back 10 per cent or 194 million of its outstanding shares of the company.
The buy-back programme will be carried out within 12 months of the approval of the regulator, the Securities and Commodities Authority, and the purchased shares will be held by the company as treasury shares.
The company didn’t disclose the price at which it would offer the shares. Waha Capital on the Abu Dhabi Securities Exchange closed up 0.32 per cent higher at Dh3.16 per share.
