31 Treasury shares

Treasury shares represent the cost of 30,284 thousand shares of the Company held by the Company as at 31 December 2024 (2023: 28,569 thousand shares). 

	2024				2023
	Number of shares ’000		AED’000		Number of shares ’000		AED’000
Share held by Finance House P.J.S.C	30,284		54,272		28,569		51,196
	30,284		54,272		28,569		51,196

During 2021, the Company obtained regulatory approvals to undertake a share-buy program whereby the Company buys and sells its own shares in the normal course of its equity trading and marketing activities. These shares are treated as a deduction from shareholders’ equity. Gain and loss on sales or redemption of own shares are credited or charged to reserves. During 2024, a total of 1,715,155 shares (2023: 2,214,844  shares) were purchased back from the market at an average price of AED 1.79 (2023 : 2.10 AED) per share amounting to AED 3,076  thousand (2023: AED 4,661 thousand).