‎Tadawul Group plans 1.22M share buyback for employee incentives

‎Tadawul Group plans 1.22M share buyback for employee incentives ‎Tadawul Group plans 1.22M share buyback for employee incentives

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Tadawul Group to self-finance the repurchase

Saudi Tadawul Group Holding Co.board of directors recommended on May 5 the buyback of 1.22 million ordinary shares maximum, to allocate to the employee stock incentive program.

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Shares will be retained as treasury shares, the company said in a statement to Tadawul. The repurchase will be financed from the company’s internal resources.

The repurchase process will be completed within a maximum period of 18 months from the date of the extraordinary general meeting (EGM).

 

Tadawul Group to self-finance the repurchase

Saudi Tadawul Group Holding Co.board of directors recommended on May 5 the buyback of 1.22 million ordinary shares maximum, to allocate to the employee stock incentive program.

Shares will be retained as treasury shares, the company said in a statement to Tadawul. The repurchase will be financed from the company’s internal resources.

The repurchase process will be completed within a maximum period of 18 months from the date of the extraordinary general meeting (EGM).

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