Exxon Mobil Corp said on Monday its quarterly profit fell 21 per cent as weak oil prices took a toll, but results topped Wall Street expectations due to a tax adjustment and higher earnings from its chemicals business.
Shares of E
BP raised its quarterly dividend for the second time in six months and said more share buy-backs were on the cards, showing how the British oil company's asset sales are providing more cash for investors.
Shareholders have urg
EFG Hermes Holding, a leading investment bank, has finalised a share buyback programme that will aim at returning EGP1 billion ($143.3 million) to the company’s shareholders during the first nine months of 2014.
The first ph
Boeing Company's board has raised the company's dividend by about 50 per cent and also approved $10 billion in new share buyback authority that the company said it would use in the next two to three years.
The share repurc
British IT company Micro Focus International said it has called off takeover talks after bids for the business fell short of expectations and will now resume a share buyback programme.
The firm, which supports mainframe computer applicatio
Orascom Construction Industries (OCI), Egypt's biggest listed firm, said on Thursday it planned to buy back 440,000 treasury shares on the bourse, or their equivalent in global depository receipts (GDRs).
In a statement to the Cairo st
Union Properties said on Tuesday its board was considering a buyback programme after its shares lost over 50 per cent of their value this year in a Gulf Arab stock market rout.
'The stock price is a very lucrative price to consider a s