Logo ofAstra Industrial Group
Astra Industrial Group’s board of directors recommended, on May 8, buying back up to 300,000 shares to be held as treasury shares, constituting no more than 0.375% of the total issued shares, intended for the allocation to the Employee Stock Incentive Program (ESIP). 
The purchase will be from the company’s cash resources and credit facilities, the company said in a statement to Tadawul.
The decision will be voted on by the extraordinary general meeting (EGM), which date will be announced later, in accordance with the requirements of the fourth paragraph of Article 17 of the Executive Regulations of the Companies Law for Listed Joint-Stock Companies, and after the company meets the financial solvency conditions stipulated in the third paragraph of Article 17 of the Executive Regulations of the same law.
Purchased shares will not have voting rights in the general assembly’s meetings, the statement added.
Logo ofAstra Industrial Group
Astra Industrial Group’s board of directors recommended, on May 8, buying back up to 300,000 shares to be held as treasury shares, constituting no more than 0.375% of the total issued shares, intended for the allocation to the Employee Stock Incentive Program (ESIP).
The purchase will be from the company’s cash resources and credit facilities, the company said in a statement to Tadawul.
The decision will be voted on by the extraordinary general meeting (EGM), which date will be announced later, in accordance with the requirements of the fourth paragraph of Article 17 of the Executive Regulations of the Companies Law for Listed Joint-Stock Companies, and after the company meets the financial solvency conditions stipulated in the third paragraph of Article 17 of the Executive Regulations of the same law.
Purchased shares will not have voting rights in the general assembly’s meetings, the statement added.
