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The Company for Cooperative Insurance (TAWUNIYA) announces its intention to purchase a number of its own shares with the aim of allocating it to the company’s Employee Long term Incentive Plan.
8010
TAWUNIYA
-2.03
%
1444/12/02 20/06/2023 08:01:29
| Element List | Explanation |
|---|---|
| Introduction | The Company for Cooperative Insurance (TAWUNIYA) announces the board of directors approval to purchase a maximum of (250,000) shares with the aim of allocating it to the company’s Employee Long term Incentive Plan. |
| Board Approval's Date | 2023-06-19 Corresponding to 1444-12-01 |
| Purpose of Purchase | To retain them as Treasury Shares under the LTIP. |
| Number of Shares to be Bought | 250000 |
| Shares Class and type | Ordinary shares. |
| Method of Financing the Purchasing Process | From the company’s fund. |
| Approvals and Meeting the Conditions of Financial Appropriateness | The resolution will be voted on in the extraordinary general assembly which will be announced later according to the requirements of the fourth paragraph of Article Seventeen of the Implementing Regulation of the Companies Law for Listed Joint Stock Companies, and after satisfying solvency requirements by TAWUNIYA as mentioned in the third paragraph of Article Seventeen of the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. |
| External Auditor's Report |  |
| Voting Right | Purchased Shares Shall not have Voting Rights in the General Assembly’s Meetings. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 145.0
Net Change -3.0 (-2.03%)
Value Traded (Sar) 30,979,863.2
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