Saudi Tadawul Board Recommends 1.22M Share Buyback
TADAWUL GROUP 1111.SA | 0.00 |
Saudi Tadawul Group Holding Company announced on May 6, 2026 that its Board of Directors recommended on May 5, 2026 to buy back up to 1,220,000 ordinary shares for allocation to the Employee Stock Incentive Plan. The share buyback will be financed from the Group's internal resources and held as treasury shares. The recommendation requires approval from an Extraordinary General Assembly, with the buyback transaction to be completed within 18 months of the assembly's resolution. The repurchased shares will have no voting rights and will not be entitled to dividends during the period the Group holds them.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94976&anCat=1&cs=1111&locale=arImportant 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.
