ATAA EDUCATIONAL COMPANY BOARD RECOMMENDS BUYBACK OF 2.1 MILLION SHARES AS TREASURY STOCK
Riyadh, Saudi Arabia — Ataa Educational Company’s board of directors recommended on September 15, 2026, that shareholders approve a share buyback program covering up to 2,104,360 ordinary shares. The company plans to hold the purchased shares as treasury stock, funded entirely from its own resources. Shareholder approval will be sought at an Extraordinary General Assembly, […] The post ATAA…
On September 15, 2026, Ataa Educational Company's board recommended shareholders approve a share buyback program for up to 2,104,360 ordinary shares. The company plans to fund the repurchase through its own resources, keeping the purchased shares as treasury stock. The board assessed that the market price of Ataa's shares trades below fair value, leading to this buyback recommendation.
Shareholder approval will be sought at an Extraordinary General Assembly, with the exact date yet to be announced. The program is subject to approval by the Extraordinary General Assembly and meeting solvency requirements under Saudi corporate regulations. Share repurchases will carry no voting rights, potentially concentrating voting power among existing shareholders.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
