MEPCO continues to repurchase shares for stock option program

20/05/2018 Argaam

Middle East Paper Co. (MEPCO) will continue to repurchase shares for its stock option program until acquiring the full amount allocated, the company said in a bourse statement.

 

On Thursday, MEPCO said it had completed the repurchase of 43,661 of its shares, at SAR 22.87 a share, for a total value of SAR 998,357.

 

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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