“Tharwa” recommends buying treasury shares … and appoints a new financial advisor to the acquisition deal

Last Thursday, the Board of Directors of the Human Wealth Company recommended that the extraordinary general assembly agree to purchase its shares and a maximum of (200,000) shares of its shares, equivalent to 4.25% of the total shares of the company.
The company said in a statement on Saudi Arabia’s circulation: The purchase of shares for the purpose of keeping them as a treasury stock, with the company’s commitment that the purchase process be completed and the treasury shares are allocated in a way that does not lead to a breach of the public ownership rate for the shares traded, according to what is determined by the financial market regulations, the financial market authority and the systems in force in the Kingdom of Saudi Arabia.
This comes with the aim of using it in stock exchanges within the acquisition of the Amjad Watan Company to organize exhibitions and conferences, and allocate part of it in the future for the company’s employees within the long -term incentives program
She explained that the number of shares to be purchased is 200,000, while the purchase will be funded by the company’s self -resources.
The Board of Directors of the Human Wealth Company decided that it is a contract with the Financial Mcralations Technologies Company, and to agree to appoint the Finance Value Company as a new financial advisor to complete the requirements of the acquisition deal on Amjad Watan Company to organize exhibitions and conferences (one person company) and the related procedures.
The company announced on 04/20/2025 AD the latest developments related to its conclusion of the binding acquisition and subscription agreement for the acquisition of 100% of the capital of Amjad Watan Company to organize exhibitions and conferences, one person company. Provided that part of the value of the deal is paid in addition to issuing new shares by increasing the capital of the human wealth company after obtaining the approval of the Capital Market Authority and the extraordinary general assembly of shareholders and relevant parties.
The Saudi trading had announced on 05/05/2025 AD the suspension of the license granted to the Financial Mcifications Technology Company and the cancellation of the permit granted to it.