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This comes as part of the company’s buy-back programme previously approved by the UAE’s Securities and Commodities Authority (SCA) on 20 May 2019, according to a filing to the Abu Dhabi Securities Exchange (ADX).
The transactions have been executed through the Egypt-based investment bank EFG Hermes, Dana Gas said.
The average price of each purchase transaction stood at AED 0.940, the company highlighted.
The purchased shares accounted for 0.01430% of the total subscribed shares, the ADX-listed company added.
The number of the unpurchased shares as per the SCA’s approval stood at around 682.776 million shares, Dana Gas noted.
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