Ata suggests acquiring 2.1M shares as treasury
The Board of Directors of Ata’a Educational Company has approved initiating procedures to purchase approximately 2.1 million shares of the company’s stock to hold as treasury shares. The goal is to support the share price, which is currently below its fair value, in line with the board’s vision. The purchase will be financed from the company's own resources, and the treasury shares will not have voting rights at shareholder meetings, subject to approval from the general assembly and compliance with regulatory requirements. The company has confirmed that the current treasury shareholding percentage is 0%.
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