Care eyes repurchasing 160,000 shares to retain as treasury shares

04/04/2024 Argaam

Care eyes repurchasing 160,000 shares to retain as treasury shares

Logo of National Medical Care Co. (Care)

National Medical Care Co.'s (Care) board of directors approved today, April 4, the repurchase of 160,000 ordinary shares maximum to allocate them for the employee stock incentive program.

 

The repurchase will be financed from the company's resources, according to a filing to Tadawul.

 

The decision is subject to the approval of the upcoming extraordinary general meeting, the date for which will be announced later as per the Implementing Regulations of the Companies Law for Listed Joint Stock Companies, and after the company satisfies the solvency requirements.

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