Dana Gas, a leading gas company based in Sharjah, has repurchased 500,000 shares on 29 September 2019 as part of the buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019.
The average price of purchase transactions stood at AED 0.948 per share, the company said in a filing to the Abu Dhabi Securities Exchange (ADX).
The repurchased shares accounted for 0.00715% of the total subscribed shares, Dana Gas highlighted.
The transactions have been executed through the Egypt-based investment bank EFG Hermes, according to the statement.
The number of the unpurchased shares as per the SCA’s approval is 685.776 million shares, the company noted.