ORAS board of directors approved during the 9/05/2023 meeting to buy a total of 6,517,444 treasury stocks representing around 5.58% of the total listed shares at the price of USD 3/share from Melinda French Gates.
The transaction will take place on the Company shares listed on NASDAQ Dubai
That will be after the approval of the general assembly.
The Board also approved reducing its capital by canceling the treasury stocks.
The Board approved to call for the Next General Assembly Meeting on 31 May 2023
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
Comments