Etihad Etisalat Co. (Mobily) announces the results of purchasing its shares allocated to the Company’s Long-Term Incentive Plan
| Element List | Explanation |
|---|---|
| Announcement Detail | Etihad Etisalat Co. (Mobily) announces the completion of purchasing its own shares allocated to the Company’s Long-Term Incentive Plan (Employee Share Program), in accordance with the approval of the Extraordinary General Assembly meeting held on 22 May 2025, with the results published on the Saudi Exchange website on 25 May 2025.
Transaction Details: - Purchase Period: Within a maximum period of 12 months from the date of the Extraordinary General Assembly meeting approval - Number of Purchased Shares: 2,500,000 shares - Value of Purchased Shares: SAR 159,223,345 - Average Purchase Price Per Share: SAR 63.69 The shares purchased and allocated for LTIP do not carry voting rights in shareholders’ assemblies and are not entitled to any cash dividends for the period during which they are held by the Company. |
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