Abu Dhabi – Mubasher: Waha Capital, listed on the Abu Dhabi Securities Exchange (ADX), has announced continuing its buy-back programme. The Company said it bought back 100,000 shares on Sunday, representing 0.01% of its capital, at AED 3.16 per share.

The buy-back deal failed to support the stock which retreated by 0.63% on Sunday, shedding AED 0.02 to AED 3.15.

Waha’s Board had approved a buy-back programme in September 2014, under which the firm would buy 194,451,468 shares.

To-date, Waha has bought back 30.7 million, representing 1.58% of its capital. Total shares to be bought back stand at 163.7 million shares.

NBAD Securities was the broker that executed the buy-back transaction.

Waha’s issued capital amounts to AED 1.944 billion distributed on 1.944 billion shares at par value AED 1 per share.