UAE: RAK Cement to buy back 45.67 million shares

A total of 68,560 units of Ras Al Khaimah Cement (RAK Cement) shares have been repurchased by the company for AED 0.83 per share (US$0.23). The cement company plans to buy a remaining 45.6 million shares as part of its buy-back programme. The repurchase has bumped RAK Cement's total number of treasury shares to 10.29 million.

September 9, 2015 Read time: 1 min

A total of 68,560 units of Ras Al Khaimah Cement (RAK Cement) shares have been repurchased by the company for AED 0.83 per share (US$0.23).

The cement company plans to buy a remaining 45.6 million shares as part of its buy-back programme.

The repurchase has bumped RAK Cement's total number of treasury shares to 10.29 million.

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Taiwan: Goldsun Building proposes 100 million share buy-back programme

Between 26 August 2015 and 23 October 2015, Taiwan-based Taiwan Goldsun Building Materials (Goldsun Building) will be repurchasing 100 million of its shares on the open market.

The price will be TWD 6 (€0.16/US$0.18) to TWD 10 apiece, announced the ready-mixed concrete manufacturer and distributor.

The share buy-back proposal, which will involve 6.58% of Goldsun Building's outstanding shares, was approved by the company's board on 25 August 2015.

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Compiling a report on the aggregates industry in the Middle East is not easy because defining the countries that make up the region vary. However, in many company reports and trend analyses the region is coupled with Africa because Africa and the Middle East overlap. For example, Egypt or Libya are African countries but they speak the Arabic language and share the Middle Eastern culture.

Almost everyone would agree that the following countries are part of the Middle East: Bahrain, Egypt, Iran, Iraq, Isra