The shareholders of Douja Prom Addoha S.A. (CBSE:ADH) authorized a share repurchase program at its Ordinary General Assembly on August 29, 2011. Under the program, the company will repurchase up to 3,150,000 shares, representing 0.95% of share capital of the company, for up to MAD 504 million. The maximum purchase price will be MAD 160 per share. The program will be funded by the recourse to the banking aid and by the mobilization of the treasury. The General Assembly gives all powers to the Board of Directors, represented by its President, for the purpose of proceeding, within the framework of the limits mentioned above, to the execution of this share buyback program on the date and conditions which it will consider convenient. The buyback of shares cannot cause to lower the net equity to an amount lower than that of the increased capital of the non-distributable reserves. The company will lay out reserves, others than the statutory reserve, of an amount at least equal to the value of the entire shares that it owns. The objective of the program is regularizing the market of the shares listed on the stock market. The program will commence on September 7, 2011 and will expire on March 6, 2013. As of August 29, 2011, the company holds 2,662,619 shares, representing 0.8% of its issued share capital, in treasury. BMCE Capital Bourse acted as broker to the company for the buyback.

Douja Prom Addoha S.A.'s share repurchase program expired on March 6, 2013.