Aamal to sell treasury shares

 09 Nov 2017 - 0:00

The Peninsula

Aamal Company yesterday announced they are in process of the sale of their treasury shares.
Aamal Company said that it commenced the sale of the treasury shares owned by Gulf Rocks Company L.L.C. in accordance with directives from Qatar Financial Market Authority (QFMA) on this matter and complying with Article (15) of the regulations concerning listed companies buying and selling their own shares.
The Company obtained QFMA’s approval to sell the said shares, and notified QSE in accordance with the rules in the aforementioned regulation.
The total number of treasury shares owned by Gulf Rocks and approved by QFMA for sale is 157,066. On 19 September 2017, a total of 6,655 shares were sold. The remaining balance of 150,411 shares is being sold in accordance with the procedures stated in the aforementioned regulation.