Ben Daoud approves 1M share buyback

The Board of Directors of Ben Daoud Holding Company has approved the delegation of authority to distribute interim dividends for the year 2026 and a program to buy one million shares from employees to fund their incentives, to be carried out within 18 months. Employees may retain these shares for up to 10 years. Additionally, the company's financial statements were audited and approved by KPMG, at a fee of 2.95 million Riyals. The approval also included amendments to the company's bylaws, along with agreements with related parties concerning leases, product purchases, and services—all on standard commercial terms without any preferential advantages.

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