With a value of 17 million riyals… “Jahiz” completes the first phase of purchasing its shares
Jahez International Company for Information Systems Technology (Jahez) announced the completion of the first phase of the company’s purchase of its shares during the fourth quarter of 2025.
The number of shares purchased in the first phase reached one million shares, representing 0.48% of the company’s shares, with a value of 16.9 million riyals, with an average purchase price per share of 16.62 riyals.
It is noteworthy that the purchase process was made based on the Board of Directors’ recommendation to purchase 7,633,000 shares of the company’s shares and retain them as treasury shares, and based on the approval of the company’s extraordinary general assembly held on September 11, 2025, to purchase the shares and retain them for a maximum period of 5 years.
After the expiry of this period, the company will follow the procedures and controls stipulated in the relevant laws and regulations.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
