Riyadh – Mubasher: The extraordinary general meeting (EGM) of Abdulmohsen Al Hokair Group approved delegating the firm’s board to buy its shares for no more than SAR 5 million to establish shares programme for the employees.
The board was delegated to purchase the shares on many phases and to determine the terms of the programme according to the regulatory procedures and controls, according to a bourse filing on Tuesday.
EGM also agreed on amending the company’s bylaws to be in compliance with the new companies law, adding to adopting the rest of the articles in the company’s agenda.
