Kohat Cement Company Limited Completes Buy-Back of Own Shares

Karachi, Kohat Cement Company Limited, a prominent player in the cement industry, has successfully completed the buy-back of its own shares. In accordance with Regulation 6(e) of the Listed Companies (Buy-Back of Shares) Regulations, 2019, the company purchased a significant number of shares through the Pakistan Stock Exchange Limited.

The buy-back process took place on June 20, 2023, with Kohat Cement Company Limited acquiring a total of 564,496 shares at an average price of PKR 165.18 per share. The decision to buy back its own shares reflects the company’s strategic focus on enhancing shareholder value and optimizing its capital structure.

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