Qannas Investments Limited (AIM:QIL) announces a share repurchase program. Under the tender offer, the company will repurchase up to 8,888,889 shares, representing 12.9% of its issued share capital, at a price of $0.90 per share, for $8 million. The shares repurchased will be held in treasury by the company. The purpose of the offer is to return excess funds to its shareholders. The record date to participate in the offer is August 4, 2017. The offer will expire on August 4, 2017. Mustafa Kheriba of ADCM Ltd. acted as the investment manager to the company.