Madinet Masr, has announced the purchase of treasury stocks, which was approved by the Board of Directors on June 28, 2026. The program aims to purchase up to 2% of the company’s total shares, Invest-Gate reports.

Details of the Purchase

Madinet Masr will purchase 42.7 million shares, representing 2% of its total shares, through open market transactions, in full compliance with the regulatory guidelines issued by the Financial Regulatory Authority and the Egyptian Exchange.

Confidence in Financial Performance

This move reflects the company’s confidence in its financial performance and future growth prospects, which has been positively reflected in the stock’s recent performance

Commitment to Shareholder Value

The initiative aligns with the company’s longstanding commitment to maximizing shareholder value while maintaining a balance between operational growth and investment returns, in line with best practices in financial governance.