Twareat plans to support employee stock program
Nomu-listed Twareat Medical Care Co.’s board of directors submitted on Nov. 17, its recommendation to the extraordinary general meeting (EGM) approving the repurchase of up to 250,000 of company’s own shares to be held as treasury shares and allocated to employees under the employee share program. 
According to a statement on Tadawul, the buyback will be funded through the company’s own resources. Twareat currently holds treasury shares representing 0.625% of its total issued shares.
The buyback requires EGM approval as well as meeting the solvency requirements set by the executive regulations of the Companies Law for listed joint-stock companies.
Twareat confirmed that the shares to be purchased will not carry voting rights at shareholder meetings.
Twareat plans to support employee stock program
Nomu-listed Twareat Medical Care Co.’s board of directors submitted on Nov. 17, its recommendation to the extraordinary general meeting (EGM) approving the repurchase of up to 250,000 of company’s own shares to be held as treasury shares and allocated to employees under the employee share program.
According to a statement on Tadawul, the buyback will be funded through the company’s own resources. Twareat currently holds treasury shares representing 0.625% of its total issued shares.
The buyback requires EGM approval as well as meeting the solvency requirements set by the executive regulations of the Companies Law for listed joint-stock companies.
Twareat confirmed that the shares to be purchased will not carry voting rights at shareholder meetings.
