Saudi Ceramic Co.’s general assembly, on Wednesday, approved the buyback of 500,000 shares, to be allocated under the employee stock option program, the company said in a bourse filing.
The buyback, which will be financed from internal resources, will be carried out within 12 months of the meeting date.
The general assembly has also elected board members for the current three-year term started on Jan. 4, 2019.
The new board includes Abdulkarim Ibrahim Alnafie, Turki Al Dayel, Sami Al-Essa, Mutaib Al Shathri,Yousef Abalkhail, Majed Al Essa, Adul Aziz El Khereiji and Abdullah Al Sudairy.
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