
Emaar Misr for Development SAE offered to buy back 90 million shares or 15% of the total shares it had offered in an initial public offering in the past two weeks and started their trading on Sunday.
The company offered to buy back the shares through a fund as the stock plummeted on its second trading day, an official at the Egyptian Exchange told MENA.
Emaar Misr, Egypt’s second-biggest publicly-traded real estate developer, has declined 6.6% since its debut after raising EGP 2.28 billion in the nation’s biggest initial public offering this year between June 4 and June 25.
GMT 19:47 2018 Saturday ,06 January
Global stocks extend rally; London hits record peakGMT 19:22 2018 Wednesday ,03 January
Worldwide stocks start year on a highGMT 10:37 2018 Wednesday ,03 January
Asian markets build on gains, dollar faces further weaknessGMT 17:30 2017 Sunday ,31 December
London stocks end year on record highGMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday tradingGMT 18:51 2017 Monday ,25 December
Oman’s share index falls on lack of buying supportGMT 08:49 2017 Sunday ,24 December
'Virtual gold' may glitter, but mining it can be really dirtyGMT 17:45 2017 Saturday ,23 December
Madrid stocks sink on Catalan woes; London hits record
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor