Madinet Masr (EGX Code: MASR.CA) announced the execution of its treasury share purchase program, following the approval granted by the company’s Board of Directors on 28 June 2026. The program targets the acquisition of up to 2% of the company’s total outstanding shares.
Madinet Masr to Acquire 42.7 Million Treasury Shares Through Open Market Transactions
Under the approved program, Madinet Masr will purchase 42.7 million shares, representing 2% of the company’s total shares, through open market transactions, while adhering to all applicable regulatory requirements and guidelines issued by the Financial Regulatory Authority (FRA) and the Egyptian Exchange (EGX).
The treasury share acquisition reflects the company’s strategic approach to managing its capital structure and enhancing shareholder value.
Treasury Share Purchase Reflects Confidence in Growth Strategy
Madinet Masr stated that this initiative demonstrates its confidence in the company’s strong financial performance and promising future growth prospects. The decision has also contributed to the positive performance of the company’s stock in recent trading sessions, reflecting market confidence in its strategic direction.
Commitment to Shareholder Value and Financial Governance
The treasury share purchase program represents an extension of Madinet Masr’s ongoing commitment to maximizing shareholder value while maintaining a balanced approach between sustainable operational growth and attractive investment returns.
The company continues to uphold the highest standards of financial governance, reinforcing its commitment to transparency, efficiency, and long-term value creation for shareholders.
