On August 2, 2026, Saudi AZM for Communication and Information Technology Co. announced its Board of Directors' recommendation, dated July 30, 2026, to seek Extraordinary General Assembly approval for a share buyback program of up to 3,600,000 ordinary shares, representing approximately 2.92% of the total share class. The repurchased shares will be retained as treasury shares and allocated to employees under the Company's employee share program, with the purchase to be funded entirely through internal resources. Purchased shares will carry no voting rights at General Assembly meetings, and the transaction remains subject to Extraordinary General Assembly approval and compliance with financial solvency requirements under the Companies Law Implementing Regulations.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.