Logo ofSaudi Telecom Co. (stc)
Saudi Telecom Co.’s (stc) shareholders will vote during an extraordinary general meeting (EGM) on May 6, on the repurchase of 26 million shares to be allocated to the employee incentive stock program. 
The buyback will be funded from the company’s own resources, with the board authorized to complete the repurchase within 18 months from the EGM approval date.
The company will hold the repurchased shares for up to seven years from the approval date, after which stc will follow the relevant regulatory procedures and requirements.
The shares to be held as treasury stock represent 0.52% of the company’s total 5 billion shares, according to Argaam’s data.
Logo ofSaudi Telecom Co. (stc)
Saudi Telecom Co.’s (stc) shareholders will vote during an extraordinary general meeting (EGM) on May 6, on the repurchase of 26 million shares to be allocated to the employee incentive stock program.
The buyback will be funded from the company’s own resources, with the board authorized to complete the repurchase within 18 months from the EGM approval date.
The company will hold the repurchased shares for up to seven years from the approval date, after which stc will follow the relevant regulatory procedures and requirements.
The shares to be held as treasury stock represent 0.52% of the company’s total 5 billion shares, according to Argaam’s data.
