Provided by 7DAYS.ae
Uae: Emaar Properties said yesterday it would implement a programme to buy back its shares, which have have fallen by nearly 50 per cent this year."The decision... to buy back Emaar shares reflects our firm belief that those shares are currently undervalued in the marketplace," said Emaar chairman Mohamed Ali Alabbar.The programme will take place after October 1, as firms cannot buy back before the close of the quarter.
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