Dubai – Mubasher: The board of Shuaa Capital has nodded to the sale of 28.11 million of the company's treasury shares, subject to the approval of the Securities and Commodities Authority (CMA).
The board has authorised the company's CEO to take necessary procedures to implement this decision, according to a bourse filing on Sunday.
It is noteworthy to mention that in 2020, the company reported a 166% hike in its net profits to AED 124.494 million, compared to AED 46.813 million in the previous year.
