Dubai – Mubasher: Al Ramz Corporation Investment and Development has purchased 216,688 of its shares, representing 0.04% of the subscribed capital.

The price of each share was settled at AED 0.55 in the transaction, which was executed through Al Ramz Capital, the company disclosed to the Dubai Financial Market (DFM) on Thursday.

The total number of purchased shares reached 16.9 million, accounting for 3% of the subscribed capital.

Meanwhile, the remaining shares to be purchased as per the approval of the Securities and Commodities Authority (SCA).