Ghida Alsultan Fast Food Company announced on Sunday that its Board of Directors has recommended to the Extraordinary General Assembly the purchase of up to 1% of the company’s ordinary shares to be retained as treasury shares.
According to the company’s statement on Tadawul, the 32,000 shares will be allocated for various purposes, including the employee stock program, use as collateral, sale as needed, or exchange for acquisitions, in compliance with the regulations of the Capital Market Authority, Tadawul, and other relevant guidelines.
The acquisition is planned to be financed using the company’s own resources.
