| Element List |
Explanation |
| Introduction |
Further to the company's announcement published on the Tadawul website on 31-07-2022, regarding the issuance of the Board of Directors' decision to recommend to the Extraordinary General Assembly to approve the purchase of its shares for the purpose of keeping them as treasury shares, with a maximum number of 7,116,666 shares, not exceeding a percentage 10% of the issued shares. |
| Date of Posting the Previous Announcement of Development on Tadawul's Website |
2022-07-31 Corresponding to 1444-01-02 |
| Hyperlink to the Previous Announcement |
Click Here |
| Change on the Development |
Proceeding from the keenness of the Board of Directors to apply the highest standards of governance and transparency and to inform the shareholders and the market on essential material events that concern the company and to make information available fairly, the Board of Directors would like to inform the shareholders of the Board's decision not to move forward at present on their decision to recommend to the Extraordinary General Assembly for approval To purchase the company's shares to keep them as treasury shares. |
| Financial Impact on the change |
N/A |
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