| Element List | Explanation |
|---|---|
| Introduction | Saudi Industrial Services Co. (“SISCO”) announces the Board of Directors' resolution to recommend to the Extraordinary General Assembly to approve the purchase of up to 10% of the Company's ordinary shares, and to hold them as Treasury Shares. |
| Board Approval's Date | 2023-10-21 Corresponding to 1445-04-06 |
| Purpose of Purchase | For the purchased shares to be held as Treasury Shares |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | If the Board of Directors or its authorized representative finds that the share price in the market is less than its fair value |
| Number of Shares to be Bought | 8160000 |
| Shares Class and type | Ordinary Shares. |
| Method of Financing the Purchasing Process | The Company’s available internal cash resources. |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | SISCO holding currently holds 0.024% (19,702) of its Ordinary Shares as Treasury Shares. |
| Approvals and Meeting the Conditions of Financial Appropriateness |
|
| External Auditor's Report |  |
| Voting Right | Purchased Shares Shall not Have Voting Rights in the General Assembly’s Meetings |
