Edarat completes 5,000 share buyback at SAR 2.7M

Logo of Edarat Communication and Information Technology Co. 

Edarat Communication and Information Technology Co. completed the repurchase of 5,000 of its shares, allocated for the employee stock incentive program (ESIP), at SAR 2.73 million, according to a statement to Tadawul.
 
 
The repurchased shares represented 0.198% of capital, at an average price of SAR 545.46 a share.
 

The buyback took 12 months from the extraordinary general meeting (EGM) dated Nov. 7, 2024.

 

Moreover, the buyback has no impact on the company’s financial statements, the statement added.

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