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Saudi EIC completes 2nd phase of share buyback

Saudi EIC completes 2nd phase of share buyback
The company purchased 7,100 shares
EIC
1303
0.20% 14.95 0.03

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

The company purchased 7,100 shares valued at SAR 105,080, or SAR 14.8 per share according to a bourse statement on Sunday.

On Thursday, EIC finished the first phase of buying back its shares, as it bought a  total of 11,000 shares worth SAR 162,800.