Dallah shareholders OK 622,500 share buyback

09:23 AM (Mecca time) Argaam
One of Dallah Healthcare hospitals

One of Dallah Healthcare hospitals

Dallah Healthcare Co. shareholders approved the repurchase of up to 622,450 shares to be held as treasury stock for allocation under the company’s Employee Stock Incentive Program (ESIP) during the extraordinary general meeting (EGM) held on Oct. 19.

 

In a Tadawul statement, the company said the buyback will be financed from internal resources, with the board authorized to complete the transaction within 18 months of the EGM resolution.
 
The repurchased shares will be will be retained for a maximum of seven years from the approval date, after which the company will follow the relevant regulations and procedures.
 
Shareholders also approved the board’s recommendation to reallocate 377,550 treasury shares— previously reserved for future exchange operations or asset acquisitions — to the ESIP.

 

Additionally, shareholders approved the election of board members for a four-year term starting Oct. 21, 2025, and ending Oct. 20, 2029.

 

The elected members are Saleh Al-Guraisha, Mohiuddin Kamel, Amr Kamel, Mohammed Hefni, Tarek Alkasabi, Ahmed Al-Alsheikh, Ahmad Al-Yamani, Khaled Al-Rayes, and Talal Al-Maiman.

 

Dallah further stated that shareholders approved the establishment of a long-term ESIP and authorized the board to determine its terms and implement it. The board was also authorized to distribute interim dividends on a semi-annual or quarterly basis for 2026.

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