Bildco stock hits highest level in year
Abu Dhabi – Mubasher: The stock of Abu Dhabi National Company for Building Materials (Bildco) surged 14.6% to reach AED 0.55 by 11:50am UAE time on Monday.
Hitting the highest level in a year since August 2015, the stock witnessed the highest trading volume of 2.01 million shares since July this year.
Bildco’s turnover stood at AED 1.06 million accounting for 2.6% of Abu Dhabi Securities Exchange’s (ADX) overall liquidity which reached AED 40.85 million.
UAE BILDCO OKs 10% share buyback
Abu Dhabi – Mubasher: Abu Dhabi National Company for Building Materials (BILDCO) on Thursday announced that its board has approved share buyback of up to 10% of its capital for reselling.
The board authorised the company’s executive management to communicate the UAE’s Securities and Commodities Authority (SCA) to obtain its approval for holding an ordinary general meeting (OGM) to permit the buying transaction, according to a filing to the Dubai Financial Market (DFM).
In December, BILDCO’s board assigned the company’s executive management to conduct the required studies for a bond issuance.