‎Seera board recommends 10.5% share buyback

‎Seera board recommends 10.5% share buyback ‎Seera board recommends 10.5% share buyback

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Seera Group Holdingheadquarters

Seera Group Holding’s s board of directors recommended on June 18 the repurchase of up to 10% of the company’s ordinary shares following the completion of the capital cut announced earlier today, June 19.

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According to a statement to Tadawul, these shares will be retained as treasury shares since the board believes the stock is currently undervalued compared to its fair market value.

For more news on listed companies

The number of shares to be repurchased amounts to approximately 26.92 million, the statement noted, adding that the transaction will be funded through the company’s own resources.

 

Seera Group Holdingheadquarters

Seera Group Holding’s s board of directors recommended on June 18 the repurchase of up to 10% of the company’s ordinary shares following the completion of the capital cut announced earlier today, June 19.

According to a statement to Tadawul, these shares will be retained as treasury shares since the board believes the stock is currently undervalued compared to its fair market value.

For more news on listed companies

The number of shares to be repurchased amounts to approximately 26.92 million, the statement noted, adding that the transaction will be funded through the company’s own resources.

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