| Element List | Explanation |
|---|---|
| Introduction | Edarat Communication and Information Technology Company (Edarat) announces the completion of purchasing the targeted number of its shares allocated for the Employee Stock Program, based on the approval of the Extraordinary General Assembly that was held on 07-11-2024G corresponding to H1446-05-05, which was announced on 10-11-2024G corresponding to H1446-05-08. |
| Previous Announcement | Edarat Communication and Information Technology Co. (EDARAT) announces Board of Directors' recommendation to buy-back its Shares. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-08-22 Corresponding to 1446-02-18 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Purchase Period: Within twelve (12) months from the date of the Extraordinary General Assembly’s resolution Number of Shares Purchased: 5,000 shares (representing 0.198% of the company’s shares) Total Value of Purchased Shares: 2,727,300 SAR (based on the average purchase price) Average Purchase Price per Share:545.46 SAR |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no financial impact on the company's financial statements as a result of the share buyback. |
