National Industries Group Holding has received approval from Kuwait’s Capital Markets Authority to renew its right to deal in treasury shares for a period of six months starting September 24, 2026.
Under the approval, the company may buy and sell treasury shares to help maintain stability in its share price.
The company may also use treasury shares to settle existing debt obligations and distribute them to shareholders as bonus shares, provided this does not result in an increase in capital or the number of issued shares.
The approval remains valid for six months from the date it was granted, subject to applicable limits and regulatory requirements governing treasury shares.
National Industries Group said the renewal has no impact on the company’s financial position.
Source: National Industries Group
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
