Logo of Abdulaziz Bin Ahmed Altwijri Trading Co.
Abdulaziz Bin Ahmad Altwijri Trading Co.’s board recommended the repurchase of a number of its shares, up to a maximum of 75,000 shares. 
In a statement to Tadawul, the company said that the repurchased shares will be held as treasury shares for company employees under the Employee Stock Exchange Program.
The company noted that the current percentage of the treasury shares out of the total class of shares purchased is 0%.
It also stated that the share repurchase will be self-financed, adding that the purchased shares will not have voting rights in the general assembly meetings.
The approval of the company’s extraordinary general assembly will be obtained at the next meeting for the share purchase. Additionally, financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law shall be fulfilled.
According to Argaam’s available data, 75,000 shares represent about 1.5% of the company’s total capital of 3 million shares.
Logo of Abdulaziz Bin Ahmed Altwijri Trading Co.
Abdulaziz Bin Ahmad Altwijri Trading Co.’s board recommended the repurchase of a number of its shares, up to a maximum of 75,000 shares.
In a statement to Tadawul, the company said that the repurchased shares will be held as treasury shares for company employees under the Employee Stock Exchange Program.
The company noted that the current percentage of the treasury shares out of the total class of shares purchased is 0%.
It also stated that the share repurchase will be self-financed, adding that the purchased shares will not have voting rights in the general assembly meetings.
The approval of the company’s extraordinary general assembly will be obtained at the next meeting for the share purchase. Additionally, financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law shall be fulfilled.
According to Argaam’s available data, 75,000 shares represent about 1.5% of the company’s total capital of 3 million shares.
