10 Hrs
Source:
الاقتصادية
Saudi Extra to buy 2.5M shares
Saudi Extra Company announced its intention to purchase up to 2.49 million of its ordinary shares to be held as treasury shares. This decision was made based on the recommendation of its Board of Directors, which considered that the market price of the stock is below its fair value. The entire purchase will be financed from the company's own resources, and the process is subject to approval by the Extraordinary General Assembly and adherence to liquidity requirements. The goal of this move is to strengthen investor confidence and support the long-term value of the stock, with an emphasis that the purchased shares will not carry voting rights during the holding period.
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