Mubasher: Global Financial Investment Company’s extraordinary general meeting (EGM) agreed on repurchasing its shares at maximum of 10% of the capital, amounts to 200 million shares, at 125 Baisas per share.
The repurchasing starts on 10 April and ends on 14 July.
Earlier in December 2015, the company’s board of directors earlier approved the decision, and the Capital Market Authority also approved it last month.
The company’s ordinary general meeting will be held on 31 March to discuss the board’s proposal to pay cash dividends at 5% or 5 Baisas per share for the fiscal year 2015.
