| Element List | Explanation |
|---|---|
| Introduction | Najran Cement Company announces the completion of the Company’s purchase of its shares for the purpose of retaining them as treasury shares, based on the approval of the Extraordinary General Assembly held on 22-12-2024. |
| Previous Announcement | Najran Cement Company Announces its Board of Directors Recommendation to Buy-back its Shares |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-09-26 Corresponding to 1446-03-23 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company has completed the buy-back program pursuant to the approved program and in accordance with applicable laws and regulations. Details of the completed buy-back are as follows: Number of shares purchased- - 5,240,000 shares (representing 3.08% of the company's issued share capital) Value of shares purchased - SAR 43,846,910 Average purchase price - SAR 8.37 The completion of this program reflects the Company’s strong financial position and its commitment to enhancing Shareholder value while maintaining adequate liquidity and financial flexibility to support its operations and future growth plans. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The cost of the shares purchased amounted to SAR 43,846,910. |