ABSTRACT This paper examines the share price behavior surrounding share repurchase announcements made by Egyptian firms from 2006 to 2014. In the USA firms, repurchase announcements in Egypt are met with a positive and significant share price response. In addition, we investigate the motives of Egyptian firms for engaging in repurchase programs using Logit regression. Our results indicate that share price performance, size, and cash consistently have a significant impact on share repurchase announcements. On the other hand, leverage and payout ratios do not explain the decision of share repurchase announcement. The findings support the undervaluation hypothesis and the free cash flow hypothesis as motives for announcing share repurchase programs, while reject the leverage hypothesis and the dividend substitution hypothesis. Finally, using Tobit model we investigate the determinants of the repurchase program completion ratios. The findings indicate that announcement return, firm's size, and frequency have a significant influence on the firm's completion ratio. Keywords Share Repurchases, Egyptian Stock Market, Repurchase motives, Completion ratio.