Saudi Ceramic to discuss employee stock option plan in February

23/01/2019 Argaam

Saudi Ceramic Co. shareholders on Feb. 13 will discuss the buyback of 500,000 shares, to be allocated under the employee stock option program, the company said in a bourse filing.

 

The buyback, which will be financed from internal resources, will be carried out within 12 months of the meeting date.

 

Shareholders will also elect board directors for the three-year board term starting on April 1, 2019 and form a new audit committee.

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