Zamil Industrial Investment Company (SASE:2240) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 common shares, representing 5% of the outstanding shares for SAR 50 million. The program will be funded from the company’s internal resources from available cash. The repurchased shares will be held as treasury shares. The program is subject to shareholder’s approval to be obtained at the Extraordinary General Meeting. As of March 26, 2020, the company has no treasury shares.