Logo ofScientific and Medical Equipment House Co. (Equipment House)
Scientific and Medical Equipment House Co. (Equipment House) said its board of directors recommended on Sept. 20 the repurchase of up to 3 million shares, representing 10% of the company’s total shares, to be held as treasury shares. 
In a statement to Tadawul, the company said its board believes the stock is trading below its fair value, adding that the buyback will be financed through the company’s internal resources.
The company currently holds no treasury shares in the class of shares subject to the buyback, representing 0% of that class. It noted that the repurchased shares will carry no voting rights at shareholders’ general meetings.
The buyback is subject to the approval of the extraordinary general meeting (EGM) in addition to fulfilling the solvency requirements stipulated in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.
Logo ofScientific and Medical Equipment House Co. (Equipment House)
Scientific and Medical Equipment House Co. (Equipment House) said its board of directors recommended on Sept. 20 the repurchase of up to 3 million shares, representing 10% of the company’s total shares, to be held as treasury shares.
In a statement to Tadawul, the company said its board believes the stock is trading below its fair value, adding that the buyback will be financed through the company’s internal resources.
The company currently holds no treasury shares in the class of shares subject to the buyback, representing 0% of that class. It noted that the repurchased shares will carry no voting rights at shareholders’ general meetings.
The buyback is subject to the approval of the extraordinary general meeting (EGM) in addition to fulfilling the solvency requirements stipulated in the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.
