Logo ofAltharwah Albashariyyah Co. (Tharwah)
Altharwah Albashariyyah Co.’s (Tharwah) board of directors recommended, on May 15, repurchasing up to 200,000 of the company’s shares, representing 4.25% of its share capital, to be held as treasury shares. 
In a statement to Tadawul, the company emphasized its commitment to executing the share buyback and allocation in a way that does not affect the public ownership percentage of the traded shares, in accordance with regulations set by the Capital Market Authority (CMA), financial market rules, and the applicable laws in Saudi Arabia.
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The share buyback is intended to facilitate share swap transactions as part of the acquisition deal for Amjad Watan for Exhibitions and Conferences Management. A portion of these shares will be allocated in the future to the company’s employees under a long-term incentive program.
Tharwah stated that the buyback will be funded from its own resources and that the repurchased shares will carry no voting rights in shareholders’ meetings.
The company also highlighted that the buyback requires approval from the extraordinary general meeting (EGM) and must meet the financial solvency requirements outlined in the executive regulations of the Companies Law relating to Listed Joint Stock Companies.
The company confirmed that it does not currently hold any shares of the class subject to this buyback.
Logo ofAltharwah Albashariyyah Co. (Tharwah)
Altharwah Albashariyyah Co.’s (Tharwah) board of directors recommended, on May 15, repurchasing up to 200,000 of the company’s shares, representing 4.25% of its share capital, to be held as treasury shares.
In a statement to Tadawul, the company emphasized its commitment to executing the share buyback and allocation in a way that does not affect the public ownership percentage of the traded shares, in accordance with regulations set by the Capital Market Authority (CMA), financial market rules, and the applicable laws in Saudi Arabia.
For more news on listed companies
The share buyback is intended to facilitate share swap transactions as part of the acquisition deal for Amjad Watan for Exhibitions and Conferences Management. A portion of these shares will be allocated in the future to the company’s employees under a long-term incentive program.
Tharwah stated that the buyback will be funded from its own resources and that the repurchased shares will carry no voting rights in shareholders’ meetings.
The company also highlighted that the buyback requires approval from the extraordinary general meeting (EGM) and must meet the financial solvency requirements outlined in the executive regulations of the Companies Law relating to Listed Joint Stock Companies.
The company confirmed that it does not currently hold any shares of the class subject to this buyback.
