The shareholders of Salafin S.A. (CBSE:SLF) authorized a share repurchase program at its Ordinary General Meeting on March 1, 2012. Under the program, the company will repurchase up to 119,724 shares, representing 5% of its share capital at a maximum purchase price of MAD 800 per share for a total cost of MAD 95.78 million. The program will commence from March 13, 2012 and will be valid for a period of 18 months. BMCE Capital Bourse acted as the broker to the company.