ATAA EDUCATIONAL COMPANY RECOMMENDS 0.75 SAR DIVIDEND PER SHARE FOR H2 FY2026
Riyadh, Saudi Arabia — Ataa Educational Company’s board of directors recommended on September 15, 2026, a cash dividend of 0.75 SAR per share for the second half of the financial year ended July 31, 2026. The total payout reaches 31.6 million SAR, covering 42,087,215 eligible shares. The dividend equals 7.5% of the share’s par value. […] The post ATAA EDUCATIONAL COMPANY RECOMMENDS 0.75 SAR…
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.
This story
This is one outlet's version. Read the fullest account.
