In line with relevant regulations and the Securities & Commodities Authority’s notification posted on the Dubai Financial Market today (December 24, 2008), the period for Emaar Properties to exercise its rights under its previously announced share buyback programme has expired.
Earlier this year, Emaar exercised its right to buyback a limited number of shares as part of this programme. This was carried out in line with global best practice and was followed by timely disclosure of the same.
Emaar’s activities related to the share buyback programme were carried out in the best interest of the company and its investors, and in line with current global financial conditions.
