Logo ofSports Clubs Co.
The board of Sport Clubs Co. recommended, on Aug. 6, to buy back 1.45 million ordinary shares to be allocated to its employee share program. 
In a statement to Tadawul, the company said the repurchased treasury shares will be allocated to eligible employees in accordance with the terms and conditions of the employee share program.
The buyback will be financed from the company’s own resources.
Treasury shares currently represent 0% of the total shares to be repurchased.
The buyback shares will have no voting rights at shareholders’ meetings and will not be eligible for any dividends during the period they are held by the company.
Logo ofSports Clubs Co.
The board of Sport Clubs Co. recommended, on Aug. 6, to buy back 1.45 million ordinary shares to be allocated to its employee share program.
In a statement to Tadawul, the company said the repurchased treasury shares will be allocated to eligible employees in accordance with the terms and conditions of the employee share program.
The buyback will be financed from the company’s own resources.
Treasury shares currently represent 0% of the total shares to be repurchased.
The buyback shares will have no voting rights at shareholders’ meetings and will not be eligible for any dividends during the period they are held by the company.
