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Al-Amaar major shareholder shifts 435,000 shares
Almarai Food Company announced the transfer of 435,000 shares from its principal shareholder, Abdulaziz Al-Jammaz and his brothers, to Al-Jazl Investment Company, which is owned by a charitable endowment (waqf). This transfer aims to enhance the financial sustainability of the waqf and to organize family and charitable ownerships. The transfer will be a donation with no financial compensation and is part of the effort to support charitable endowments and expand their investment portfolios, along with updating the shareholder register on the Saudi financial market to ensure transparency. This step reflects the commitment of major shareholders to activate the role of endowments within the Saudi economic system.
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