Logo ofNational Medical Care Co. (Care)
National Medical Care Co. (Care) said its board of directors approved the buyback of up to 450,000 ordinary shares for allocation to employees under its employee share program. 
In a statement to Tadawul on Nov. 9, the company said the shares would be held as treasury shares under the program and purchased using internal resources. The shares will not carry voting rights at the company’s general assemblies.
Care added that its existing treasury shares represent 0.356% of the total shares of the class subject to the proposed purchase.
The decision will be submitted to an extraordinary general assembly for shareholder approval, with the meeting date to be announced later.
According to Argaam data, the shares proposed for purchase represent about 1% of the company’s total 44.85 million shares.
Logo ofNational Medical Care Co. (Care)
National Medical Care Co. (Care) said its board of directors approved the buyback of up to 450,000 ordinary shares for allocation to employees under its employee share program.
In a statement to Tadawul on Nov. 9, the company said the shares would be held as treasury shares under the program and purchased using internal resources. The shares will not carry voting rights at the company’s general assemblies.
Care added that its existing treasury shares represent 0.356% of the total shares of the class subject to the proposed purchase.
The decision will be submitted to an extraordinary general assembly for shareholder approval, with the meeting date to be announced later.
According to Argaam data, the shares proposed for purchase represent about 1% of the company’s total 44.85 million shares.
