RAK Cement buys back 68,560 shares, UAE

RAK Cement buys back 68,560 shares, UAE
07 September 2015


Ras Al Khaimah Cement Co decided to repurchase 68,560 of its shares on Thursday at AED0.83/share.
Accordingly, the total number of treasury shares rose to 10.29m with 45.6m shares remaining to be bought as part of the company’s buyback programme, according to a filing to the Abu Dhabi Securities Exchange Sunday.

The cement firm recently reported a fall in its net profits for 1H15 to AED2.45m (US$0.667m), from AED 3.15m in the same period the year before.

Published under Cement News