| Element List | Explanation |
|---|---|
| Introduction | Electrical Industries Company announces the Board of Directors recommendation to buy back its shares for the purpose of allocating them for the Employees Incentive Shares Program with a maximum of 350 Thousand shares |
| Board Approval's Date | 2020-04-05 Corresponding to 1441-08-12 |
| Purpose of Purchase | for the purpose of allocating them for the Employees Incentive Shares Program |
| Number of Shares to be Bought | 350000 |
| Shares Class | Normal Shares |
| Method of Financing the Purchasing Process | From the Company internal resources |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | 53 |
| Approvals and Meeting the Conditions of Financial Appropriateness | Extraordinary General Assembly Consent must be Obtained for the Purchase, also Conditions of Financial Appropriateness as provided in Paragraph Three of Article Twelve of the Regulatory Standards and Procedures Issued Pursuant to the Companies Law shall be Met |
| Voting Right | Purchased Shares Shall not Have Voting Rights in the General Assembly’s Meetings |
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