Miahona said the planned shares will be held as treasury shares.
Miahona Co.said its board recommended a buyback of up to 1 million ordinary shares to be allocated to the company’s employee share incentive program, according to a statement to Tadawul. 
The company said the repurchased shares will be retained as treasury shares under its long-term employee incentive plan, which aims to support strategic objectives, motivate employees, and attract talent.
The buyback will be financed through the company’s internal resources. Miahona added that it currently holds no treasury shares from the class of shares subject to the repurchase.
The repurchased shares will not carry voting rights at shareholders’ meetings, the company said.
Miahona said the planned shares will be held as treasury shares.
Miahona Co.said its board recommended a buyback of up to 1 million ordinary shares to be allocated to the company’s employee share incentive program, according to a statement to Tadawul.
The company said the repurchased shares will be retained as treasury shares under its long-term employee incentive plan, which aims to support strategic objectives, motivate employees, and attract talent.
The buyback will be financed through the company’s internal resources. Miahona added that it currently holds no treasury shares from the class of shares subject to the repurchase.
The repurchased shares will not carry voting rights at shareholders’ meetings, the company said.
