Earlier this year, Emaar exercised its right to buyback a limited number of shares as part of this programme. This was carried out in line with global best practice and was followed by timely disclosure of the same.
Emaar's activities related to the share buyback programme were carried out in the best interest of the company and its investors, and in line with current global financial conditions.
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Emaar announces statement regarding expiration of share buyback programme
- United Arab Emirates: Saturday, December 27 - 2008 at 13:34
- PRESS RELEASE
In line with relevant regulations and the Securities and Commodities Authority's notification posted on the Dubai Financial Market on December 24, 2008, the period for Emaar Properties to exercise its rights under its previously announced share buyback programme has expired.
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Notes and media contacts
Media contact:Hala Sarieddine
Associate Manager-Media Relations
ASDA'A Burson-Marsteller
P.O. Box 28063
T: +9714 3344550
F: +9714 3344556
Posted by Siba Sami AmmariSaturday, December 27 - 2008 at 13:34 UAE local time (GMT+4)
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