PHOTO
Electronic boards displaying stock information are seen as investors look on on the floor of the ADX Abu Dhabi Securities Exchange stock market. Image used for illustrative purpose, Stringer, Reuters.
Abu Dhabi-listed Finance House has repurchased shares representing 10% of the subscribed capital, according to a disclosure on Monday.
The number of shares bought back reached more than 1.7 million, the financial firm said in a filing with the Abu Dhabi Securities Exchange (ADX).
The share buy-back programme has been approved by the Securities and Commodities Authority (SCA).
Finance House posted a net profit of AED 4.39 million ($1.2 million) in the second quarter of 2024, up from the previous year’s AED 3.52 million.
(Writing by Cleofe Maceda; editing by Seban Scaria)
