Hail Cement buys back 1.5 mln shares, completes first phase

13/10/2022 Argaam

Hail Cement buys back 1.5 mln shares, completes first phase

Hail Cement plant

Hail Cement Co. announced in a bourse filing that it completed the first phase of the share buyback process, allocated during the period from June 29, 2022, until Sept. 15, 2022.

 

Hail Cement repurchased 1.49 million treasury shares, at SAR 12.88 a share, totaling SAR 19.23 million.

 

The buyback was approved by the company’s extraordinary general meeting (EGM), held on June 28, the statement added.

 

The company’s EGM approved in June the company’s buyback of 4.9 million shares maximum to be retained as treasury shares, according to Argaam’s data.

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