Logo ofAltharwah Albashariyyah Co. (Tharwah)
Altharwah Albashariyyah Co.’s (Tharwah) board of directors decided to cancel a previous recommendation to buy back 200,000 shares, or4.25% ofthecompany’s capital, toretain as treasury shares, according to a Tadawul statement. 
The decision was due to circumstances related to the recommendation and as part of the company’s commitment to comply with the applicable regulatory requirements.
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In a separate statement, the company said the board recommended increasing capital by 10% from SAR 23.53 million to SAR 25.88 million.
In a separate statement, the company said the board proposed increasing capital by 10% from SAR 23.53 million to SAR 25.88 million, to be financed from the issue premium balance of SAR 37.44 million, as per 2024 financials.
Capital Increase Details
Current Capital
SAR 23.53 mln
Number of Shares
4.71 mln
Par Value
SAR 5/share
Increase Percentage
10%
Method
Capitalizing SAR 2.35 mln from the issue premium balance of SAR 37.44 mln
New Capital
SAR 25.88 mln
New Number of Shares
5.18 mln
Reason
Allocating 470,573 treasury shares for the following purposes:
– Exchange for acquiring 95,800 shares
– Allocated to the company’s employees under the employee stock program, which aims to attract and retain talents, thereby enhancing employee loyalty and alignment with the company’s long-term objectives.
The number of shareholders’ shares will remain unchanged after the capital increase; however, their ownership percentage in the company will decrease by 10% as a result of issuing the new shares.
The capital increase, capitalization of part of the share premium, and the allocation for the aforementioned purposes are conditional upon obtaining the necessary approvals from the relevant regulatory authorities and shareholders.
In May, the board of directors recommended repurchasing up to 200,000 of the company’s shares, to be held as treasury shares, according to Argaam data.
Logo ofAltharwah Albashariyyah Co. (Tharwah)
Altharwah Albashariyyah Co.’s (Tharwah) board of directors decided to cancel a previous recommendation to buy back 200,000 shares, or4.25% ofthecompany’s capital, toretain as treasury shares, according to a Tadawul statement.
The decision was due to circumstances related to the recommendation and as part of the company’s commitment to comply with the applicable regulatory requirements.
For more news on listed companies
In a separate statement, the company said the board recommended increasing capital by 10% from SAR 23.53 million to SAR 25.88 million.
In a separate statement, the company said the board proposed increasing capital by 10% from SAR 23.53 million to SAR 25.88 million, to be financed from the issue premium balance of SAR 37.44 million, as per 2024 financials.
Capital Increase Details
Current Capital
SAR 23.53 mln
Number of Shares
4.71 mln
Par Value
SAR 5/share
Increase Percentage
10%
Method
Capitalizing SAR 2.35 mln from the issue premium balance of SAR 37.44 mln
New Capital
SAR 25.88 mln
New Number of Shares
5.18 mln
Reason
Allocating 470,573 treasury shares for the following purposes:
– Exchange for acquiring 95,800 shares
– Allocated to the company’s employees under the employee stock program, which aims to attract and retain talents, thereby enhancing employee loyalty and alignment with the company’s long-term objectives.
The number of shareholders’ shares will remain unchanged after the capital increase; however, their ownership percentage in the company will decrease by 10% as a result of issuing the new shares.
The capital increase, capitalization of part of the share premium, and the allocation for the aforementioned purposes are conditional upon obtaining the necessary approvals from the relevant regulatory authorities and shareholders.
In May, the board of directors recommended repurchasing up to 200,000 of the company’s shares, to be held as treasury shares, according to Argaam data.
