| Introduction | Dr. Soliman Abdulkader Fakeeh Hospital Company ("DSFH") and its subsidiaries ("Fakeeh Care Group", "Group", "Fakeeh Care" announces that its Board of Directors is recommending to the Extraordinary General Assembly the approval of a share buy-back program of up to 1,038,000 of the Company’s ordinary shares for the purpose of holding them as treasury shares. |
| Board of director’s recommendation date | 2025-04-09 Corresponding to 1446-10-11 |
| Purpose of Purchase | The purpose of the purchase is to be held as Treasury Shares. |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | The purchased shares shall be used for Share swap transactions for the acquisition of a company’s shares or stakes or an asset purchase. |
| Number of Shares to be Bought | 1038000 |
| Shares Class and type | Ordinary Shares |
| Method of Financing the Purchasing Process | From the Company's own resources |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | The Company currently holds 0.86% (2,000,000 shares) of its Ordinary Shares as Treasury Shares. |
| Approvals and Meeting the Conditions of Financial Appropriateness | Extraordinary General Assembly Approval must be Obtained for the shares buy-back transaction, also financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law shall be fulfilled |
| Voting Right | Purchased Shares Shall not Have Voting Rights in the General Assembly’s Meetings |
| Additional Information | NA |
