Miahona Board Recommends 1M Share Buyback Program
MIAHONA 2084.SA | 0.00 |
On May 12, 2026, Miahona Co. announced its Board of Directors' recommendation dated May 11, 2026, for the Extraordinary General Assembly to approve a share buy-back program of up to 1,000,000 ordinary shares. The shares will be retained as treasury shares for a long-term Employee Share Incentive Program to motivate employees and attract top talent, with the purchase financed through the company's internal resources. The transaction requires approval from the Extraordinary General Assembly and compliance with solvency requirements under the Companies Laws for Listed Joint Stock Companies, with purchased shares having no voting rights.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95268&anCat=1&cs=2084&locale=arNote: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.
Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
