|06 August, 2019

ENBD REIT buys back shares on Nasdaq Dubai

ENBD REIT (CEIC) Plc will cancel the repurchased shares

Image used for illustrative purpose. A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016.

Image used for illustrative purpose. A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016.

REUTERS/Shannon Stapleton

UAE – ENBD REIT (CEIC) Plc, the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, revealed that it has purchased 50,000 of its ordinary shares on the Nasdaq Dubai Exchange.

The transaction has been implemented through the UAE-based broker Shuaa Securities LLC at a price of $0.539 per share, according to a press release.

Moreover, the company noted that it will cancel the repurchased shares, adding that it has 251.050 million shares in issue following the transactions.

Accordingly, the total voting rights in ENBD REIT will be 251.050 votes.

Source: Mubasher

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