By Assil bin Talib
Riyadh-Mubasher: National Industrialization Co. (Tasnee) is studying a stock buyback programme, but it is subject to the board’s approval, said Fawaz Al Fawaz, executive vice president.
“I believe that the new corporate regulations were issued and will be applied in nearly 80 days,” Al Fawaz said.
He told Mubasher that his company is studying the stock buyback which will help stabilise the market.
Translated by Abdul Maguid Aboshahla
