12 hours ago
Najran Cement completes 4.25M share buyback in Q1 2025
Najran Cement Co. said in a statement to Tadawul that it completed the first phase of its share buy-back process during the first half of 2025, and it will continue the buyback process during the second half of 2025, based on market conditions at the time.
Najran Cement repurchased 4.25 million shares, or 2.50% of the company's outstanding shares, at SAR 35.855 million, or SAR 8.44 each.
The company's board of directors recommended, on Sept. 25, buying back up to a maximum of 17 million treasury shares, Argaam reported. The buyback will be financed from the company's own resources using cash reserves or credit facilities.
