‎Jamjoom Pharma board proposes 100,000 share buyback

‎Jamjoom Pharma board proposes 100,000 share buyback ‎Jamjoom Pharma board proposes 100,000 share buyback

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Logo ofJamjoom Pharmaceuticals Factory Co. (Jamjoom Pharma)

Jamjoom Pharmaceuticals Factory Co.’s (Jamjoom Pharma) board of directors recommended, on May 13, the buyback of 100,000 shares to be retained as treasury shares, according to a statement to Tadawul.

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These shares will be allocated to the employees’ long-term incentive program and the share repurchase will be financed from the company’s internal cash resources, the statement added.

 

Logo ofJamjoom Pharmaceuticals Factory Co. (Jamjoom Pharma)

Jamjoom Pharmaceuticals Factory Co.’s (Jamjoom Pharma) board of directors recommended, on May 13, the buyback of 100,000 shares to be retained as treasury shares, according to a statement to Tadawul.

For more news on listed companies

These shares will be allocated to the employees’ long-term incentive program and the share repurchase will be financed from the company’s internal cash resources, the statement added.

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