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Al-Omara transfers 435,000 shares to charitable endowment
Almarai Food Company announced the transfer of ownership of 435,000 shares from its major shareholder, Abdulaziz AlJamaaz & Brothers, to AlJazl Investment Company, which is owned by a charitable endowment. This was done as a gift without any financial consideration. The purpose of this transaction is to support family-based endowment entities and to enhance the sustainability of charitable work through income-generating assets, while adhering to Saudi regulations and financial oversight. This step reflects the commitment of major shareholders to activate the role of endowments within the economic system and to ensure the ongoing viability of funds allocated for charitable purposes.
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