16/10/2018 07:50 AST

Shuaa Capital said on Monday the company has bought back a total of 20 per cent of shares from the open market till October 14.

SHUAA bought 1 million shares or 10 per cent of the issued capital at Dh1.05 on October 11, and the company bought back the next 10 per cent or 8.8 million shares for Dh1.07 each, the company said in a statement. The buy-back was done through Integrated Securities. The company plans to buy-back 95 million shares from the shareholders.

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Shuaa Capital posts 30pc jump in Q3 net profit


Dubai-based Shuaa Capital, a leading financial services provider, has registered a net profit of Dh30.1 million ($8.2 million) for the third quarter, up 31 per cent over the same period last year. It

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Shuaa executes share purchase scheme after nod


Shuaa Capital said on Wednesday it received a regulatory nod from Capital Markets Authority in Kuwait and has executed a voluntary acquisition offer of 128 million shares of Amwal International Inves

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Shuaa to acquire 87% stake in Amwal


Shuaa Capital said yesterday it will increase its stake to 87.22 per cent, in Amwal International Investment Company, after the latter’s shareholders agreed to sell their shares.

Shuaa, the

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JARIR 154.00 121,428
SHUAA Sector Market
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Bank AlJazira wins 2 industry awards


BANK Aljazira gains new awards during the 4th Islamic Retail Banking Awards Ceremony held in Dubai. The two prestigious awards received were: Critics Choice for Best Islamic Digital Banking and Criti

Saudi Gazette

Emaar, TikTok to explore collaboration opportunities


Emaar, the biggest developer, has signed a memorandum of understanding (MoU) to explore collaboration opportunities with TikTok, the leading global destination for short-form mobile videos.

The Gulf Today

Saudi Aramco sets up new fuel retail subsidiary


Saudi Aramco announced on Wednesday that it is establishing a fuel retailing subsidiary. The new company, Saudi Aramco Retail Company (RetailCo), will focus on expanding the network of domestic fuel

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Acwa Power wins contract for giant Saudi desal plant


Saudi-based Acwa Power has won a contract to develop Rabigh 3, the world’s largest independent water desalination plant (IWP) located on the Red Sea coast, further expanding its desalination capacity

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Bank Sohar rebrands as Sohar International


Oman-based Bank Sohar, as it was formerly known, recently rebranded to ‘Sohar International’ as part of its new vision to become a world-leading Omani service company.

It unveiled the new

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