Logo ofNajran Cement Co.
Najran Cement Co. announced completing the repurchase of its shares for the purpose of retaining them as treasury shares, based on the approval of the company’s extraordinary general assembly held on Dec. 22, 2024. 
In a statement to Tadawul, the company explained that the number of shares purchased is 5.24 million shares, representing 3.08% of its issued share capital, at a value of SAR 43.85 million. Average purchase price amounted to SAR 8.37 per share.
Najran Cement also note that the completion of this program reflects its strong financial position and its commitment to enhancing shareholder value while maintaining adequate liquidity and financial flexibility to support its operations and future growth plans.
According to Argaam’s data, Najran Cement’s shareholders approved, in Dec. 2024, the buyback of a maximum of 17 million shares to be retained as treasury shares, as the board believes that the stock trades below its fair value.
Logo ofNajran Cement Co.
Najran Cement Co. announced completing the repurchase of its shares for the purpose of retaining them as treasury shares, based on the approval of the company’s extraordinary general assembly held on Dec. 22, 2024.
In a statement to Tadawul, the company explained that the number of shares purchased is 5.24 million shares, representing 3.08% of its issued share capital, at a value of SAR 43.85 million. Average purchase price amounted to SAR 8.37 per share.
Najran Cement also note that the completion of this program reflects its strong financial position and its commitment to enhancing shareholder value while maintaining adequate liquidity and financial flexibility to support its operations and future growth plans.
According to Argaam’s data, Najran Cement’s shareholders approved, in Dec. 2024, the buyback of a maximum of 17 million shares to be retained as treasury shares, as the board believes that the stock trades below its fair value.
