MEPCO allocates 44,000 shares under stock option program

17/05/2018 Argaam

 

Middle East Paper Co. (MEPCO) has completed the repurchase of 43,661 of its shares, at SAR 22.87 a share, for a total value of SAR 998,357, the company said in a bourse filing.

 

The repurchased shares will be allocated under the employee stock option program, and are unlikely to impact the company's financial statements.

 

The share repurchase was approved by the company's extraordinary general meeting held on April 22, 2018.

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