SACO to Buy Back 224,448 Shares as Treasury Stock

SACO -1.33%

SACO

4008.SA

25.30

-1.33%

The Saudi Company for Hardware (SACO) announced on December 24, 2025, that it will hold an Extraordinary General Assembly Meeting via modern technology on January 21, 2026, at 7:00 PM at the company's headquarters in Riyadh. The main agenda item is voting on the company's proposal to purchase up to 224,448 of its own shares as treasury shares, as the Board believes the market price is below fair value. The purchase would be financed from the company's cash reserves and/or credit facilities, with the Board authorized to complete the purchase within twelve months and hold the shares for up to five years from approval.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92233&anCat=1&cs=4008&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/30093_643_2025-12-24_16-03-15_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/30093_643_2025-12-24_15-56-26_en.pdf

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.

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