| Element List | Explanation |
|---|---|
| Introduction | Hedab Alkhaleej Trading Co. announces the Board of Directors’ resolution to recommend to the Extraordinary General Assembly the purchase of up to (750,000) ordinary shares of the Company. |
| Board of director’s recommendation date | 2026-04-05 Corresponding to 1447-10-17 |
| Purpose of Purchase | To be held as treasury shares |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | The Board of Directors believes that the Company’s share price in the market is below its fair value |
| Number of Shares to be Bought | 750000 |
| Shares Class and type | Ordinary shares |
| Method of Financing the Purchasing Process | The purchase will be financed through the Company’s internal resources or credit facilities |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | The Company does not hold any treasury shares |
| Approvals and Meeting the Conditions of Financial Appropriateness | The Board of Directors’ recommendation will be submitted to the Extraordinary General Assembly at its next meeting, the date of which will be announced in due course, for voting thereon, in accordance with paragraph (4) of Article (17) of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. The Company will also comply with all solvency requirements stipulated in paragraph (3) of Article (17) of the same Regulations, and a report on the Company’s solvency will be issued by the Company’s external auditor in accordance with the requirements of this paragraph. |
| Voting Right | The shares to be purchased will not carry voting rights at the Company’s General Assembly meetings. |