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Reacap puts off share buyback programme

Reacap puts off share buyback programme
Photo Credit: Arabianeye-Reuters
Naeem Real Estate
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Cairo – Mubasher: The board of directors of Reacap Financial Investments Co. decided to postpone the company's share buyback programme.

Earlier, the company's board approved buying back 3 million treasury shares at EGP 2.56 each.

Reacap reported net profits of EGP 14.3 million for the first quarter of 2015, against EGP 7.6 million in losses for the comparable period in the previous year.