| Element List | Explanation |
|---|---|
| Introduction | BinDawood Holding Company announces the Board of Directors’ resolution to recommend to the Extraordinary General Assembly to purchase number of the company's shares with a maximum of (1,000,000) shares (0.087%) of the company's ordinary shares and to retain them as treasury shares for allocation to the long-term employee incentive program. |
| Board of director’s recommendation date | 2025-12-04 Corresponding to 1447-06-13 |
| Purpose of Purchase | To retain them as treasury shares. |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | To retain them as Treasury Shares for long-term Employee Shares Incentive Program, which supports the company objectives to motivate the employees and attract the best competencies. |
| Number of Shares to be Bought | 1000000 |
| Shares Class and type | Ordinary shares |
| Method of Financing the Purchasing Process | The purchase will be financed through the Company’s internal resources |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | 0.175% |
| Approvals and Meeting the Conditions of Financial Appropriateness | - The approval of the Extraordinary General Assembly (EGA) shall be obtained in the next EGA meeting for the shares purchase as per the requirements of sub-article (4) of Article (17) of the Implementing Regulations of the Companies Laws for Listed Joint Stock Companies. - The Company will also adhere to the solvency requirements as set out in sub-article (3) of article (17) of the Implementing Regulations based on a Solvency Report that will be issued by the Company’s external auditors, which will be attached along with the EGA invitation approving this transaction in accordance with the regulations. |
| Voting Right | The purchased shares will not have voting rights in the General Assembly meetings. |