The company’s earnings per share (EPS) amounted to QR0.94 for the period ending September 30 compared to QR0.54 for the corresponding period last year. The Board of Directors approved the purchase of extra five million shares of Bounian at a rate of QR8.5 per share from Bounian shareholders who are willing to sell their shares as per the rate and conditions included in SIIL offer. SIIL reserves its right to amend the offered price of any future purchase at its own discretion, the statement noted.
The BOD approved to call the General Assembly to hold an extraordinary meeting, to approve the execution of the General Assembly resolution related to the amendment of the capital increase mechanism for the years 2002 and 2005. Invitation will be issued after obtaining the approval from the Ministry.