Dubai: Network International, the Dubai-headquartered card payment processing company, will buyback a further $47 million worth of its shares this year and bring the total to $100 million since 2022. The company is listed on London Stock Exchange and its stock is quoting at 270.61 pence.

During 2022, Network International raised revenues of $438.4 million, up an impressive 24.5 per cent, with gains from the ‘merchant services business’. This led to an EBITDA of $178.6 million, ‘supporting margin expansion of 240 basis points to 40.7 per cent’.

Net profit too turned in a healthy performance, up 41.6 per cent to $80.1 million.

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