UAE lender ADCB to buy back further shares in 2014 — CEO | GulfNews.com:
"Abu Dhabi Commercial Bank (ADCB) plans to buy back a further 3 per cent of its shares this year, as it seeks to enhance its stock value, its chief executive said.
The emirate’s third-largest lender by market value bought back 7 per cent of its shares last year after it secured approval from the regulator for a 10 per cent buy-back last January.
“We have adequate capital to support our strategic growth plans and well-positioned to return excess capital to our shareholders via dividends and share buy-backs,” CEO Ala’a Eraiqat told the lender’s annual general meeting late on Wednesday."
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