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  • 04-12-19

    SADAFCO: 2.74 million Shares to be used as treasury shares

    (MENAFN) The board of directors of Saudia Dairy and Foodstuff Co. (SADAFCO) said in a statement that it accepted the purchase of 2.74 million shares to be used as treasury shares.


    According to the statement, the purchase of the shares will be supported by the company from its own income.


    The board of directors has been certified to complete the purchase transaction within a highest period of 12 months from the date of the extraordinary general assembly gathering.


    The board also approved to hold the purchased treasury shares for a phase of 5 years, and when it expires, the company will do the needed relevant rules and regulations.


    MENAFN0412201900450000ID1099366921

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