Tharwah cancels 200,000 share buyback plan, recommends 10% capital hike
The decision was due to circumstances related to the recommendation and as part of the company's commitment to comply with the applicable regulatory requirements.
In a separate statement, the company said the board recommended increasing capital by 10% from SAR 23.53 million to SAR 25.88 million.
The capital increase will be financed from the issue premium balance of SAR 37.44 million, as per 2024 financial statements.
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