Logo ofSaudi Dairy and Foodstuff Co. (SADAFCO)
Saudi Dairy and Foodstuff Co. (SADAFCO) has completed the buyback of a number of its shares, which will be retained as treasury shares. 
The buyback was carried out following the approval of shareholders at the extraordinary general meeting (EGM) held on Dec. 17, 2024.
In a statement to Tadawul, the company said the share repurchase program was completed according to the following details:
SADAFCO’s Share Buyback
Purchase period
Within 12 months from the date of the shareholders’ decision
Number of shares
40,124 shares (or 0.123% of the company’s shares)
Value of shares
SAR 10.09 million
Average purchase price/ share
SAR 251.53
The company noted that since 2019 it has held 500,250 ordinary shares, representing 1.539% of its issued capital, as treasury shares (first phase).
With the addition of the newly purchased shares, the total number of treasury shares has reached 540,370, representing 1.663% of the company’s total shares.
SADAFCO added that the repurchased shares do not carry voting rights at shareholders’ meetings and are not entitled to any cash dividends while held by the company.
Logo ofSaudi Dairy and Foodstuff Co. (SADAFCO)
Saudi Dairy and Foodstuff Co. (SADAFCO) has completed the buyback of a number of its shares, which will be retained as treasury shares.
The buyback was carried out following the approval of shareholders at the extraordinary general meeting (EGM) held on Dec. 17, 2024.
In a statement to Tadawul, the company said the share repurchase program was completed according to the following details:
SADAFCO’s Share Buyback
Purchase period
Within 12 months from the date of the shareholders’ decision
Number of shares
40,124 shares (or 0.123% of the company’s shares)
Value of shares
SAR 10.09 million
Average purchase price/ share
SAR 251.53
The company noted that since 2019 it has held 500,250 ordinary shares, representing 1.539% of its issued capital, as treasury shares (first phase).
With the addition of the newly purchased shares, the total number of treasury shares has reached 540,370, representing 1.663% of the company’s total shares.
SADAFCO added that the repurchased shares do not carry voting rights at shareholders’ meetings and are not entitled to any cash dividends while held by the company.
