Al-Andalus Sports shareholders discuss share buyback

Al Ahli Sports Company has announced its invitation to its shareholders to vote on the purchase of up to 1.45 million common shares at the Extraordinary General Meeting scheduled for October 19, 2026. The purpose of the purchase is to hold these shares as treasury stock and to allocate them for the employee incentive program. The buyback process will take place over 12 months, with the shares being held for up to 4 years. Shareholders will also vote on authorizing the Board of Directors to set the terms of the program, including the allocation price and the distribution mechanism. A quorum of 50% of shares is required for the first meeting to be valid; if the quorum is not met, a second meeting will be held with at least 25% of shares present. Electronic voting will begin on October 15, 2026, and will continue until the closing of the ballot counting process.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل