‎“MIS” to repurchase 300K shares of its stock to keeping them as ‎treasury shares

Al-Muammar Information Systems Company (MIS) announced its intention to purchase a number of its shares, 300,000 shares, with the aim of keeping them as treasury shares.

The company said in a statement today on Tadawul that the method of financing the purchase will be from internal sources.

It stressed that the approval of the Extraordinary General Assembly for the purchase process is necessary, as well as the fulfillment of the financial suitability conditions stipulated in the third paragraph of Article Seven of the executive regulations for the companies’ system for listed joint-stock companies. Pointing out that the purchased shares do not have votes in the shareholders’ assemblies