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Tuesday, 6 September 2016

Orascom Construction board approves share buyback program

Orascom Construction approves share buyback program: Orascom Construction’s board approved the buyback of up to 1mn shares owned by shareholders who hold their shares on the EGX, the company said in a statement. The purchase price has yet to be announced, and the buyback program “is subject to shareholder and regulatory approval in the UAE and Egypt,” the company said. OC cancelled in June some 280k shares representing 0.24% of total issued shares circulating at the time.

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