| Element List | Explanation |
|---|---|
| Introduction | Saudia Dairy & Foodstuff Co. (SADAFCO) announces the completion of the Company’s purchase of a number of its shares for the purpose of retaining them as treasury shares, based on the approval of the Extraordinary General Assembly held on 17-12-2024. |
| Previous Announcement | Board of Directors Recommendation to Buyback its Shares to Retain them as Treasury Shares |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-09-17 Corresponding to 1446-03-14 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company announces the completion of the Company's share purchase program, according to the details shown below: - Purchase period: Within twelve (12) months from the date of the Extraordinary General Assembly resolution. - Number of shares purchased: 40,124 shares (Representing 0.123% of the company's shares) - Value of shares purchased: SAR 10,092,321 - Average purchase price per share: SAR 251.53 |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The cost associated for the shares buy-back program is SAR 10,092,321 |
| Additional Information | - In 2019, the Company held 500,250 ordinary shares representing 1.539% of its issued share capital as treasury shares (First Phase). With the addition of the current shares, the total treasury shares now amount to 540,373, representing 1.663% of the Company’s shares. - The shares purchased do not carry voting rights in shareholders’ assemblies and are not entitled to any cash dividends for the period during which they are held by the Company. |