Abu Dhabi – Mubasher: Waha Capital announced in a bourse filing on Tuesday that it has a bought back 2.5 million shares on Monday, 2 March at AED 2.99 per share.

The repurchased stocksrepresent 1.84% of Waha’s capital, the firm said in its statement to the Abu Dhabi Securities Exchange (ADX), adding that the total number of shares bought back to date has reached 35.845 million shares.

The total number of shares to be bought back has accordingly declined to 158.6 million shares.

Waha remained unchanged at AED 3 at the closing of Monday’s session after 5 million shares were traded at a turnover of AED 15 million.

The Board of Directors of the Abu Dhabi-listed firm had decided on 17 September, 2014, to buy back 10% of the company’s shares, totaling 194.45 million shares. The firm received the approval of the Securities and Commodities Authority (SCA) on 19 October, 2014.

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