‎Saudi Azm proposes 1.2M treasury share buyback

‎Saudi Azm proposes 1.2M treasury share buyback ‎Saudi Azm proposes 1.2M treasury share buyback

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Logo ofSaudi Azm for Communications and Information Technology Co.

Saudi Azm for Communications and Information Technology Co. said that its board of directors recommended, on Aug. 14, the buyback of 1.2 million treasury shares maximum. These shares will be allocated for the employee stock program.

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In a statement to Tadawul, the company explained that the repurchase process will be self-financed. Treasury shares currently stand at 1.24% of the target shares.

 

Logo ofSaudi Azm for Communications and Information Technology Co.

Saudi Azm for Communications and Information Technology Co. said that its board of directors recommended, on Aug. 14, the buyback of 1.2 million treasury shares maximum. These shares will be allocated for the employee stock program.

In a statement to Tadawul, the company explained that the repurchase process will be self-financed. Treasury shares currently stand at 1.24% of the target shares.

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