SADAFCO to discuss extending 500,300 treasury shares retention on Feb. 28

Logo of Saudia Dairy & Foodstuff Co. (SADAFCO)

Saudia Dairy & Foodstuff Co.’s (SADAFCO) shareholders will discuss extending the maximum period for retaining 500,300 treasury shares, during the extraordinary general meeting (EGM) slated for Feb. 28, according to a statement to Tadawul.

 

The period will be extended for five years as of the EGM date of approval. After the expiry of this period, the company will comply with the procedures stipulated in the applicable regulations.

 

These shares were approved earlier during the EGM held on Dec. 18, 2018.

 

Shareholders will also vote on electing board members for the upcoming four-year term starting April 1, 2024, the statement added.

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