Mubasher: International Financial Advisors (IFA) has received the Capital Markets Authority's (CMA) approval to sell 17.45 million treasury shares, according to the company's disclosure to the Dubai Financial Market (DFM) on Tuesday.

The company's request to sell treasury shares is valid for six months from the approval date.

It is noteworthy to mention that in mid-January, IFA announced a precautionary seizure by one of the local banks on the company due to an owed amount of KWD 8.8 million.