Oman's Al Anwar announces stock buy-back plan

28/12/2014 18:47 AST

Al Anwar Holdings, one of the major investment holding companies in Oman, said its stocks surged after the company's board decided to explore a potential buy-back of up to 10 per cent of its shares at a price of up to 0.223 rial per share.

Al Anwar, which mainly focuses on the financial sector, saw the company's stocks jump its 10 per cent daily limit to 0.212 rial.

The plan is subject to regulatory, shareholder approvals, it added.


Reuters

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