Jahez International Company for Information System Technology (Jahez) Announces the Results of its Share Buy-back Process (First Phase)
| Element List | Explanation |
|---|---|
| Introduction | Jahez International Company for Information System Technology (Jahez) announces the completion of the first phase of its share buy-back process during the Fourth Quarter of 2025.
The buyback was made based on the Board of Directors' recommendation to purchase 7,633,000 shares of the company's shares and retain them as treasury shares and based on the approval of the company's Extraordinary General Assembly, held on 19/03/1447H (corresponding to 11/09/2025G), to purchase and retain the shares for a maximum period of Five years. After this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations. |
| Previous Announcement | Jahez International Company for Information System Technology (Jahez) announces the Board of Directors’ recommendation to initiate regulatory procedures for the purchase of the company’s shares |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-05-18 Corresponding to 1446-11-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The first phase of the company's share buyback was completed during the Fourth Quarter of 2025.
Number of shares purchased: 1,000,000 shares (representing 0.48% of the company's outstanding shares) Value of shares purchased: SAR 16,920,988.11 Average purchase price: SAR 16.92 |
| 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 16,920,988.11 SAR. |
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