Mubasher: Khaleeji Commercial Bank (KHCB) on Thursday announced that it has purchased 171,000 treasury shares on Bahrain Bourse.

Accordingly, the bank’s total holding of shares increased to 96.04 million from 95.869 million, making up 9.15% of paid-up capital, KHCB added in a statement.

KHCB, listed on Bahrain Bourse and the Dubai Financial Market (DFM), previously reported a BHD 324,000 ($859,475 or AED 3.156 million) in profits in Q3-18, down 57% year-on-year from BHD 758,000 ($2.011 million or AED 7.31 million).

As for the first nine months of 2018, the Bahrain-based bank logged BHD 1.68 million, registering a sharp decline from BHD 3.73 million in profits achieved in the prior year period.