Care Plans 450,000-Share Buyback for Employee Program
Riyadh, Saudi Arabia — The National Medical Care Company (Care) intends to buy back 450,000 of its own shares and allocate them to employees under a staff stock program. The board recommended the move on November 8, 2026, with shareholder approval to follow at an extraordinary general assembly. Care will fund the buyback entirely from […] The post Care Plans 450,000-Share Buyback for Employee…
Riyadh, Saudi Arabia — The National Medical Care Company (Care) plans to repurchase 450,000 shares and allocate them to employees as part of its stock incentive program. The board endorsed the move on November 8, 2026, with shareholder approval expected at a special shareholders' meeting. Care will fund the repurchase entirely from its own resources, and the shares will be held in the company's treasury before being distributed to eligible staff. The company currently holds treasury shares equaling 0.356% of its total share class.
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.
