Tawuniya completes 137,900 share buyback for ESIP

28/08/2024 Argaam
The Company for Cooperative Insurance (Tawuniya)headquarters

The Company for Cooperative Insurance (Tawuniya) headquarters

The Company for Cooperative Insurance (Tawuniya) completed the targeted share buyback process allocated for its employee stock incentive program (ESIP), based on the approval of the extraordinary general meeting (EGM) held in June 23, 2024.

 

In a statement to Tadawul, the company said it repurchased 137,900 shares at an average price of SAR 166.60 per share, totaling SAR 23 million.

 

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The buyback period spans 12 months from the date of the EGM decision.

 

According to available data on Argaam, Tawuniya’s shareholders approved the buyback of up to 147,440 shares for ESPI.

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