Fakeeh Care board plans 1.04M treasury share buyback

10/04/2025 Argaam

Logo of Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care)

Dr. Soliman Abdel Kader Fakeeh Hospital Co.’s (Fakeeh Care) board of directors recommended on April 9 the repurchase of 1.04 million maximum of its ordinary shares to be retained as treasury shares.

 

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In a statement to Tadawul, the company pointed out that the repurchased shares will be used in share-swap transactions for acquiring stakes in other companies or for asset purchases.

 

The share buyback will be funded through the company’s own resources.

 

Fakeeh Care currently holds 0.86% of its share capital, equivalent to 2 million ordinary shares, as treasury shares, the statement added.

 

The buyback will need shareholders’ approval and compliance with the financial solvency terms.

 

Repurchased shares do not have voting rights in shareholders' meetings, the statement added.

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