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الاقتصادية
Space 42 acquires 875K shares as stock rises
Space 42 announced the purchase of 875,000 of its own shares valued at approximately 1.99 million dirhams as part of its share buyback plan. Since the beginning of 2026, the share price has increased by 44%, rising from 1.57 dirhams in December 2025 to 2.26 dirhams in September 2026. With the completion of this latest purchase, a total of 29.325 million shares have been bought back since the program's inception, representing 0.616% of the total issued shares. Approximately 89.7 million shares remain for future buyback plans. In 2026, Space 42's stock performed positively after a temporary dip, showing a significant upward trend since March and continuing to gain, approaching the 2.30 dirham level. This underscores the company's stability and the benefits of its share repurchase activities.
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