Madinet Masr Board Approves Purchase of Up to 2% of Treasury Shares
Madinet Masr announced that its Board of Directors approved, on June 28, 2026, the execution of a treasury share buyback program, targeting the purchase of up to 2% of the company's total shares.
The company clarified that it will acquire approximately 42.7 million shares, representing 2% of its total equity, through open market trading. This process will be conducted in strict compliance with the regulatory guidelines issued by the Financial Regulatory Authority (FRA) and the Egyptian Exchange (EGX).
The company emphasized that this strategic move reflects its strong confidence in its financial performance and future growth prospects, a sentiment that has recently been positively reflected in the stock's market performance.
This treasury share purchase serves as an extension of the company's ongoing policy aimed at maximizing shareholder equity and maintaining a healthy balance between operational growth and investment returns, further highlighting its commitment to the best practices of financial governance.