Leejam Sports BOD Recommends 6.3% Purchase of Issued Shares

Leejam Sports Company announced on Sunday that its Board of Directors submitted a recommendation to the Extraordinary General Assembly of shareholders to approve the purchase of up to 6.3% of its issued shares, totalling 330,000, and retaining them as treasury shares, using the Company’s own resources or bank facilities.

The Company stated in a statement on Tadawul that this recommendation will be presented to the Extraordinary General Assembly at its next Meeting, explaining that the purchased shares will not have voting rights at the Company’s general assemblies.