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Amlak Finance sells 25m treasury shares

Amlak Finance sells 25m treasury shares
The firm did not announce the selling value
Amlak Finance
AMLAK
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Dubai – Mubasher: The board of Amlak Finance approved to sell 25 million treasury shares during its meeting held on Sunday.

The board consented to commence the selling process during the granted period, taking into consideration the blackout periods, according to a bourse filing on Monday. 

The selling value has not been disclosed yet.

During the nine months ended 30 September 2019, the company registered net losses worth AED 41 million, 20% lower than AED 51 million in the same period last year.