Nama Chemicals completes sale of remaining treasury shares under employee stock program

Logo of Nama Chemicals Co.

Nama Chemicals completed, on Nov. 29, the sale of the entire remaining treasury shares that were been repurchased for employee stock grant program, the company said in a statement to Tadawul.

Nama sold 165,406 shares at SAR 35.84 each, at a total value of SAR 5.93 million.

The transaction has no financial impact on the company's profits and losses for the period based on the adopted accounting standards, as the net results will be reflected on retained earnings under shareholders’ equity at SAR 3 million.