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[TAQA UH] Abu Dhabi National Energy Co :: to seek extension of share buyback program

[TAQA UH] Abu Dhabi National Energy Co :: to seek extension of share buyback program

The Abu Dhabi National Energy Company has decided to extend its share buyback program for another year, reported Khaleej Times, a move that is intended to support its share price. Last year the company secured approval from the Securities and Commodities Authority to repurchase from the market up to 10% of equity or 622.5 mn [...]

February 5 2010 | Posted in COMPANIES, Conventional Electricity, Electricity, GCC, Gas Distribution, Gas Water & Multiutilities, MENA, Oil & Gas, Oil & Gas, Oil Equipment Services & Distribution, Pipelines, Stocks, United Arab Emirates, Utilities, Utilities, Water | Read More »