Logo ofEtihad Etisalat Co. (Mobily)
Etihad Etisalat Co. (Mobily) announced the completion of buyback of 2.5 million shares to be allocated to its long-term Employee Stock Incentive Program (ESIP), at a total value of SAR 159.2 million. 
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The step was following the shareholders’ approval during an extraordinary general meeting held on May 22.
In a statement to Tadawul, the company pointed out the average purchase price stood at SAR 63.69 per share.
The repurchased shares allocated to the long-term incentive program carry no voting rights at shareholder meetings and are not eligible for any cash dividends while held by the company, the statement noted.
According to data compiled by Argaam, Mobily’s general meeting approved on May 22 the buyback of up to 2.5 million shares to allocate them to the employee stock program.
The repurchased shares represent 0.3% of the company’s total outstanding shares of 770 million.
Logo ofEtihad Etisalat Co. (Mobily)
Etihad Etisalat Co. (Mobily) announced the completion of buyback of 2.5 million shares to be allocated to its long-term Employee Stock Incentive Program (ESIP), at a total value of SAR 159.2 million.
For more news on listed companies
The step was following the shareholders’ approval during an extraordinary general meeting held on May 22.
In a statement to Tadawul, the company pointed out the average purchase price stood at SAR 63.69 per share.
The repurchased shares allocated to the long-term incentive program carry no voting rights at shareholder meetings and are not eligible for any cash dividends while held by the company, the statement noted.
According to data compiled by Argaam, Mobily’s general meeting approved on May 22 the buyback of up to 2.5 million shares to allocate them to the employee stock program.
The repurchased shares represent 0.3% of the company’s total outstanding shares of 770 million.
