2023-12-25 06:47:37
Abu Dhabi – Mubasher: Eshraq Investment Company announced the purchase of 345,000 of its shares, within the framework of the share buyback program approved by the Securities and Commodities Authority.
The company explained in a statement that the price of the shares purchased amounted to 0.4 dirhams per share in each deal, and that the purchase process was made through its broker, First Abu Dhabi Securities.
The number of shares remaining for purchase, according to the approval of the UAE Securities and Commodities Authority, is 147.7 million shares.
On December 20, Ishraq Investment Company announced the purchase of 700,000 shares of its stock, within the framework of a share buyback program approved by the Securities and Commodities Authority.
She explained that the share price reached 0.4 dirhams in each transaction, noting that purchases are made through her broker, First Abu Dhabi Securities.
The company indicated that the number of shares remaining for purchase, according to the approval of the Securities and Commodities Authority, is 149.6 million shares.
This comes a day after the company announced the purchase of 400,000 shares, bringing the number of shares purchased in two days to 1.1 million shares.
Ishraq Investment Company, listed on the Abu Dhabi Securities Market, turned to losses during the first nine months of the current year 2023.
Ishraq Investment Company suffered losses of about 81.4 million dirhams during the period ending last September 30, compared to profits of 481.5 million dirhams during the same period in 2022.
The company attributed the reason for recording losses during the current period to recording a loss in changes in the fair value of financial assets at fair value of 52.1 million dirhams during the first nine months of 2023, compared to achieving a gain in the fair value of financial assets of 468.3 million dirhams during the same period of the previous year.
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