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Saudi EIC completes 1st phase of share buyback

Saudi EIC completes 1st phase of share buyback
The company bought 11,000 shares
EIC
1303
-1.00% 10.89 -0.11

Riyadh – Mubasher: Electrical Industries Company (EIC) has completed the first phase of buying back its shares to be allocated for employees’ incentives programme.

The company bought 11,000 shares valued at SAR 162,800, or SAR 14.8 per share, according to a bourse filing on Thursday.

The transaction has to material impact on EIC’s financials.