Jahez board to allocate 7.63M shares to employee stock plan
The move will have no financial impact, the company said in a statement to Tadawul.
In May, Jahez's board recommended repurchasing up to 7.63 million treasury shares, equivalent to 3.64% of its total shares.
The company said the shares may also be used in swap transactions for stake or asset acquisitions, for its employee stock program, or for sale, in line with Capital Market Authority (CMA) regulations and other applicable laws.
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