| Element List | Explanation |
|---|---|
| Introduction | Seera Group Holding ("The Group") announces the completion of the company’s purchase of a number of its shares for the purpose of retaining them as treasury shares, based on the approval of the Extraordinary General Assembly held on 22/11/1445 AH corresponding to 30/05/2024 AD, the results of which were announced on the Saudi Exchange "Tadawul" website on 25/11/1445 AH corresponding to 02/06/2024 AD. |
| Previous Announcement | Seera Group Holding Announced Its Intention to Purchase its Shares |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-11-08 Corresponding to 1445-04-24 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Group announces the completion of the Company’s share purchase program, according to the details shown below:
Purchase period: Within twelve (12) months from the date of the Extraordinary General Assembly resolution.
Number of shares purchased: 23,916,611 shares (Representing 7.97% of the company’s shares)
Value of shares purchased: 563,546,509 Saudi Riyals
Average purchase price per share: 23.56 Saudi Riyals |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The cost associated for the shares buy-back program is SR 563,546,509 million. |
| Additional Information | The implementation of the company’s share buy-back program comes as part of the Group’s strategy and capital allocation approach announced on 2023-11-08. This strategy aims to enhance the free cash flow per share, contributing to the maximization of long-term returns and reinforcing market confidence in the Group’s ability to achieve its stated objectives and restructure its investment portfolio in alignment with its future strategic direction. |
