Logo of Jahez. The share repurchase will be financed either through its own resources or bank facilities
Shareholders of Jahez International Company for Information SystemTechnology (Jahez) approved the buyback of up to 7.63 million shares to be held as treasury shares and will be allocated to its employee stock program. 
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The approval was given at the company’s extraordinary general meeting (EGM), held on Sept. 11, the company said in a statement to Tadawul.
The share repurchase will be financed either through the company’s own resources or bank facilities, with the board of directors authorized to complete the transaction within a maximum period of 18 months from the date of the EGM’s approval.
Logo of Jahez. The share repurchase will be financed either through its own resources or bank facilities
Shareholders of Jahez International Company for Information SystemTechnology (Jahez) approved the buyback of up to 7.63 million shares to be held as treasury shares and will be allocated to its employee stock program.
For more news on listed companies
The approval was given at the company’s extraordinary general meeting (EGM), held on Sept. 11, the company said in a statement to Tadawul.
The share repurchase will be financed either through the company’s own resources or bank facilities, with the board of directors authorized to complete the transaction within a maximum period of 18 months from the date of the EGM’s approval.
