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Zamil Industrial Investment Co. Announces Its Intention to Purchase its Shares

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Introduction Zamil Industrial Investment Company announces its intention to purchase its shares (Share Buyback) to retain them as Treasury Shares with a maximum of 3 million shares and not exceeding 5% of total outstanding shares, and with a total value not exceeding 50 million Saudi Riyals
Board Approval's Date 2020-03-26 Corresponding to 1441-08-02
Purpose of Purchase To retain them as Treasury Shares
Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) To retain them as Treasury Shares for purposes of stabilizing the fluctuating share price since the Board considers that the share price on the exchange is lower than its fair value
Number of Shares to be Bought 3000000
Shares Class Ordinary shares
Method of Financing the Purchasing Process The purchase of these shares will be funded through the company's internal resources from available cash
Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased Currently, there are no Treasury Shares held by the company
Approvals and Meeting the Conditions of Financial Appropriateness The company must receive consent from the Extraordinary General Assembly for the Purchase. The company must also obtain a solvency report as stipulated in Paragraph (3) of Article (12) of the Regulatory Standards and Procedures issued pursuant to the Companies Law
Voting Right Purchased shares will not have any voting rights in any general assembly

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price Net Change
14.5 0.2 (+1.4%)
Value Traded (SAR) Volume Traded
8,118,736.74 563,898

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