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Almarai Company announces the Board of Directors' recommendation to buy back its Shares
2280
ALMARAI
-0.83
%
1447/09/02 19/02/2026 08:05:15
| Element List | Explanation |
|---|---|
| Introduction | Almarai Company (“The Company”) announces the Board of Directors' recommendation to buy back its shares to retain them as Treasury Shares under the Employees Long Term Incentive Plan. |
| Board of director’s recommendation date | 2026-02-18 Corresponding to 1447-09-01 |
| Purpose of Purchase | To be retained as Treasury Shares |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | To be retained under the Employees Long Term Incentive Plan. |
| Number of Shares to be Bought | 10000000 |
| Shares Class and type | Ordinary Shares |
| Method of Financing the Purchasing Process | From the Company's own resources |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | 0.9% |
| Approvals and Meeting the Conditions of Financial Appropriateness | The resolution will be voted on in the next 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 all solvency requirements by the company as mentioned in the third paragraph of Article Seventeen of the Implementing Regulation of the Companies Law for Listed Joint Stock Companies, and a report from the external auditor will be submitted as per the requirements of this paragraph. |
| Voting Right | The purchased shares will not have voting rights in the General Assembly meetings. |
| Additional Information | The treasury shares will not be entitled to any dividends during the period being held by the company. |
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 42.96
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