Logo ofMiddle East Healthcare Co. (Saudi German Health)
The board of Middle East Healthcare Co. (Saudi German Health) recommended on Feb. 24a buybackof up to 4.6 million shares, representing 5% of the company’s issued capital, to be held as treasury shares. 
In a statement to Tadawul, the company said the board considers the current market price to beless thanfair value, adding that the buyback would be financed through internal resources or bank facilities.
The recommendation will be submitted to an extraordinary general meeting (EGM) for approval.
Saudi German Health said it would meet all solvency requirements and submit an external auditor’s report confirming its financialsolvency.
The company added that it does not currently hold any treasury shares of the same class and that repurchased shares will carry no voting rights at shareholders’ meetings.
Logo ofMiddle East Healthcare Co. (Saudi German Health)
The board of Middle East Healthcare Co. (Saudi German Health) recommended on Feb. 24a buybackof up to 4.6 million shares, representing 5% of the company’s issued capital, to be held as treasury shares.
In a statement to Tadawul, the company said the board considers the current market price to beless thanfair value, adding that the buyback would be financed through internal resources or bank facilities.
The recommendation will be submitted to an extraordinary general meeting (EGM) for approval.
Saudi German Health said it would meet all solvency requirements and submit an external auditor’s report confirming its financialsolvency.
The company added that it does not currently hold any treasury shares of the same class and that repurchased shares will carry no voting rights at shareholders’ meetings.
