Bwan after the first meeting of the Extraordinary General Assembly approved 61.20% to buy a number of its shares with a maximum of 3 million shares, so that they do not exceed 5% of the exported shares, to retain its treasury as a treasury for use in exchange for acquisitions Shares or quotas company or buy origin if any.
According to Arab Net, the procurement process will be funded from the sources of the self-sources, and delegation of the Council or its authorization by completing the purchase within a maximum of 12 months from the history of unusual General Assembly resolution. The company may retain the treasury shares without selling them for a maximum of five years.
The General Assembly has also approved the decision of the Board of Directors. The company's profits were distributed from the first half and the second half of 2020 per share per share and 10% of the company's capital and a total of 60 million riyals.
The Board of Directors has been chaorted by the Board of Directors to distribute phased profits on semi-yearly or quarterly than 2021 fiscal year, identifying the date of maturity and distribution in accordance with the regulations and regulatory procedures in implementation of the corporate system, which is commensurate with the status of the financial company, cash flows and its expansion and investment plans.
