23 Hrs
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الاقتصادية
Saudi Equipment advises buying 3 million shares
The Board of Directors of Dar Medical and Scientific Equipment Company has proposed purchasing up to 3 million shares of the company's stock, representing 10% of the shares, and holding them as treasury stock. The funding for this operation will come from internal resources, considering that the share price is below its fair value, in accordance with solvency requirements, and it requires the approval of the Extraordinary General Assembly. The company, founded in 1979 and engaged in operating and maintaining medical equipment, is taking this step to strengthen its financial position. Its current market value is 970 million riyals.
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