RAK Cement buys back 68,560 shares, UAE

Ras Al Khaimah Cement Co decided to repurchase 68,560 of its shares on Thursday at AED0.83/share.
Accordingly, the total number of treasury shares rose to 10.29m with 45.6m shares remaining to be bought as part of the company’s buyback programme, according to a filing to the Abu Dhabi Securities Exchange Sunday.

The cement firm recently reported a fall in its net profits for 1H15 to AED2.45m (US$0.667m), from AED 3.15m in the same period the year before.