{"id":631008,"date":"2018-03-07T04:32:47","date_gmt":"2018-03-07T04:32:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/"},"modified":"2018-03-07T04:32:47","modified_gmt":"2018-03-07T04:32:47","slug":"etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/","title":{"rendered":"Etisalat shares rise as it plans USD 2 bn share buyback"},"content":{"rendered":"

Etisalat shares popped around 4.1% yesterday as the UAE-based telecom company announced its plans for a USD 2 bn stock buyback<\/strong>, Bloomberg reports (paywall)<\/a>. The company\u2019s board had recommended purchasing some around 5% of its paid-up capital. \u201cThe buyback is intended for canceling or reselling the shares, it said, without providing the terms.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Etisalat shares popped around 4.1% yesterday as the UAE-based telecom company announced its plans for a USD 2 bn stock buyback, Bloomberg reports (paywall). The company\u2019s board had recommended purchasing some around 5% of its paid-up capital. \u201cThe buyback is intended for canceling or reselling the shares, it said, without providing the terms.\u201d<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631008","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"edd3e256-21a7-4bb6-bdbe-1092ed76134c","order":"0","is_powered_by":true,"section_story_id":"094eda26-97ce-4d04-a386-862c54a589ab","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630990],"teaser":"","voice_url":""},"yoast_head":"\nEtisalat shares rise as it plans USD 2 bn share buyback - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Etisalat shares rise as it plans USD 2 bn share buyback\" \/>\n<meta property=\"og:description\" content=\"Etisalat shares popped around 4.1% yesterday as the UAE-based telecom company announced its plans for a USD 2 bn stock buyback, Bloomberg reports (paywall). The company\u2019s board had recommended purchasing some around 5% of its paid-up capital. \u201cThe buyback is intended for canceling or reselling the shares, it said, without providing the terms.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-07T04:32:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Etisalat shares rise as it plans USD 2 bn share buyback\",\"datePublished\":\"2018-03-07T04:32:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/\"},\"wordCount\":61,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/etisalat-shares-rise-as-it-plans-usd-2-bn-share-buyback\/\",\"name\":\"Etisalat shares rise as it plans USD 2 bn share buyback - 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The company began its program to purchase treasury stock earlier\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572707,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/elsewedy-electric-extends-its-stock-buyback-program-to-october\/","url_meta":{"origin":631008,"position":1},"title":"Elsewedy Electric extends its stock buyback program to October","author":"enterpriseam admin","date":"6 July 2020","format":false,"excerpt":"Elsewedy Electric is extending its stock buyback program to October, after the board of directors approved last week pushing back to 1 October the company\u2019s deadline to buy up to 54.6 mn shares, equivalent to 2.5% of the company, according to an EGX disclosure (pdf)","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549302,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/12\/e-finance-to-buy-back-5-of-its-shares\/","url_meta":{"origin":631008,"position":2},"title":"e-Finance to buy back 5% of its shares","author":"enterpriseam admin","date":"12 September 2022","format":false,"excerpt":"e-Finance announces big share buyback program: EGX-listed fintech operator e-Finance will buy back 5% of its shares over the next nine months in a bid to support its share price and boost investor confidence, the company said in an EGX disclosure (pdf) posted on trading screens yesterday. The program could\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/191.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550229,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/19\/swvl-could-get-booted-off-the-nasdaq-oih-joins-the-egx-buyback-club\/","url_meta":{"origin":631008,"position":3},"title":"Swvl could get booted off the Nasdaq + OIH joins the EGX buyback club","author":"enterpriseam admin","date":"19 October 2022","format":false,"excerpt":"US- and locally-listed firms are steering their stock through choppy waters: Over on Wall Street, Cairo-born Swvl is reportedly considering combining (through a reverse stock split) or canceling some of its shares as it looks to avoid delisting due to low trading price. Closer to home, Orascom Investment Holding is\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557128,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/07\/a-queue-of-companies-want-the-abu-qir-metro-project-speed-medical-plans-buyback-as-share-price-falls\/","url_meta":{"origin":631008,"position":4},"title":"A queue of companies want the Abu Qir metro project + Speed Medical plans buyback as share price falls","author":"enterpriseam admin","date":"7 September 2021","format":false,"excerpt":"The Transport Ministry is considering 16 local and international consortiums to implement Alexandria\u2019s Abu Qir metro project, unnamed sources at the ministry told Al Mal. The consortiums include Egypt\u2019s ElSewedy Electric-Siemens, Orascom-Arab Contractors as well as India\u2019s Larsen & Toubro and South Korea\u2019s Hyundai Rotem, Spain\u2019s Construcciones y Auxiliar de\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573062,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/19\/573062\/","url_meta":{"origin":631008,"position":5},"title":"CLARIFICATION- Egypt Kuwait Holding (EKH)\u2026","author":"enterpriseam admin","date":"19 July 2020","format":false,"excerpt":"CLARIFICATION- Egypt Kuwait Holding (EKH) is resuming its USD 20 mn stock buyback program, and has not approved a new program, as we incorrectly suggested in Thursday\u2019s issue. To date, EKH has purchased 2.7 mn shares. The story has been updated on our web edition.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=631008"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631008\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630990"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=631008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=631008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=631008"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=631008"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=631008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}