On April 13, 2026, Edarat Communication and Information Technology Co. (EDARAT) announced that its Board of Directors approved on April 12, 2026, a recommendation to buy back a maximum of 10,000 ordinary shares for the Employee Stock Incentive Plan. The purchase will be financed from the company's own resources and requires approval from an Extraordinary General Assembly, with the shares to be purchased within 12 months of EGM approval. The Board has delegated authority to Executive Member Mr. Erick Albaduy to execute the purchase at a suitable price, and the purchased shares will not carry voting rights or dividend entitlements while held by the company.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.