Riyadh – Mubasher: Electrical Industries Company (EIC) completed on 26 November 2020 the final phase to purchase its own shares under the incentives shares programme, subject to the approval of the company's extraordinary general meeting (EGM).

The Tadawul-listed firm purchased 312,867 shares at an average purchase price of SAR 22.90 per share. The total value of the transaction is SAR 7.16 million, EIC said in a statement to the Saudi bourse on Sunday.

So far, EIC holds 500.000 shares under the incentives shares programme.