The company Prog BLSC announced its intention to receive the approval of shareholders for the buyback of shares and the payment of final dividends for the 2024 financial year at the annual general meeting, which will take place on April 7. The company plans to return up to 2.5% of its authorized capital.
After receiving approval from shareholders and other regulatory bodies, the buyback of shares will be carried out through the open market, in compliance with the regulatory requirements of the Abu Dhabi Stock Exchange.
"We are confident that this decision will help us improve our financial indicators and increase the value of shares for our investors," noted a company representative.
