‎Edarat proposes 10,000 share buyback for ESIP

‎Edarat proposes 10,000 share buyback for ESIP ‎Edarat proposes 10,000 share buyback for ESIP

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Logo ofEdarat Communication and Information Technology Co.

Edarat Communication and Information Technology Co. said its board recommended on April 12 the buyback of up to 10,000 shares for the employee stock incentive plan (ESIP).

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In a statement to Tadawul, the company said the repurchase would be funded from internal resources, adding that the board had authorized executive member Erick Baduy to complete the process at an appropriate price.

The proposal will be submitted to an extraordinary general assembly for approval, with completion targeted within a maximum of 12 months from the date of shareholder approval.

 

Logo ofEdarat Communication and Information Technology Co.

Edarat Communication and Information Technology Co. said its board recommended on April 12 the buyback of up to 10,000 shares for the employee stock incentive plan (ESIP).

In a statement to Tadawul, the company said the repurchase would be funded from internal resources, adding that the board had authorized executive member Erick Baduy to complete the process at an appropriate price.

The proposal will be submitted to an extraordinary general assembly for approval, with completion targeted within a maximum of 12 months from the date of shareholder approval.

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