The Emaar Company, the largest real estate firm in the United Arab Emirates (UAE), accepted the board of directors’ recommendation to repurchase a maximum of 10 percent its shares, reported Al-Ittihad .
The general assembly also approved a decision to amend article five of the company’s establishment contract, so that Emaar will be able to practice a number of new activities such as banking and electronic transactions. Approximately 66 percent of the stockholders attended the Director’s meeting. — (menareport.com)
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