Company completes acquisition of 1% of outstanding shares and proceeds with the remaining portion of its board-approved buyback program
Madinet Masr (EGX: MASR.CA) announced that it has successfully completed the purchase of 1% of its total outstanding shares under its treasury share buyback program, which was approved by the company’s Board of Directors on 28 June 2026.
The company also confirmed that it has commenced the purchase of the remaining shares under the program, which authorizes the acquisition of up to 2% of the company’s total outstanding shares through open-market transactions, in full compliance with the regulations of the Financial Regulatory Authority (FRA) and the Egyptian Exchange (EGX).
Buyback program underscores confidence in financial strength
The completion of this phase of the treasury share buyback program reflects Madinet Masr’s confidence in its strong financial performance, solid financial position, and long-term growth outlook.
The company stated that the continued execution of the program aligns with its strategic objective of enhancing shareholder value while maintaining a balanced approach between operational expansion and investment returns.
Commitment to long-term shareholder value
Madinet Masr emphasized that the treasury share buyback program forms part of its broader commitment to sound corporate governance and disciplined capital allocation.
Through this initiative, the company aims to maximize long-term shareholder value, reinforce investor confidence, and support sustainable growth while maintaining financial flexibility.
