SISCO GA approves purchase of maximum of 8.16 million shares, keeps them as treasury shares

SISCO Board of Directors announced on Sunday the results of the Extraordinary General Assembly meeting (Second Meeting).
The Voting Results on the Items of the General Assembly’s Meeting Agendas:
1: Approval on the company’s purchase of a number of its shares and a maximum of (8,160,000) shares and keep them as treasury shares, as the Board of Directors or the authorized persons consider that the share price in the market is less than its fair value. The purchase will be financed from the company’s own resources and authorizing the Board of Directors to complete the process within 12 months of the extraordinary general assembly’s approval date, and the company will keep the purchased shares for a maximum period of (5) years from the date of approval of the extraordinary general assembly. After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations.