26 May 2005
The Moroccan Oil refiner Samir has been authorized by its board of directors to launch a stock buyback program. The company will have 18 months to re-purchase shares at a maximum share price of MAD 500. The minimum was set at MAD 300. The company will be seeking to repurchase nearly 600,000 shares, accounting for 5% of its capital.
The Moroccan Oil refiner Samir has been authorized by its board of directors to launch a stock buyback program. The company will have 18 months to re-purchase shares at a maximum share price of MAD 500. The minimum was set at MAD 300. The company will be seeking to repurchase nearly 600,000 shares, accounting for 5% of its capital.
© The North Africa Journal 2005
