_1777294237270_124456903.png&w=64&q=75){kind=small}
Al-Andiya Sports shareholders consider share buyback for employee program
Al Hilal Sports Company has announced an invitation to its shareholders to vote on the purchase of up to 1.45 million ordinary shares, with the aim of holding them as treasury shares and allocating them for the employee incentive program. The extraordinary general assembly will be held remotely via Tadawulaty platform on October 19, 2026. The agenda includes authorizing the board of directors to execute the purchase process within 12 months, financed from the company's own resources, with the company retaining the shares for up to 4 years to allocate to eligible employees. The meeting will also include voting on the employee incentive program and determining its terms, including the allocation price and distribution mechanism. For the first meeting to be valid, shareholders representing at least 50% of the shares must be present; otherwise, a second meeting will be held one hour later with at least 25% present. Electronic voting will start on October 15, 2026.
Notice: This Is an AI-Generated Summary
Comments (0)