UAE – Symbol gets approval to buy 10% of its shares

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(MENAFN – Al-Bayan) Source:

  • Electronic statement

History:
May 03, 2020 Al Ramz Corporation for Investment and Development said it had obtained the approval of the Emirates Securities and Commodities Authority to purchase up to a maximum of 10%.

The company, listed on the Dubai Financial Market, added in a statement today that the authority agreed to purchase it up to a maximum of 10% of its shares, which represents a maximum of 54.99 million shares.

Last March, Al-Ramz General Assembly approved the company’s buy-back of its shares up to a maximum of 10%.

The capital of the company is 549.915 million dirhams, divided into 549.915 million shares, with a nominal value of dirhams per share.

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