Bayan Investment Holding has obtained the Capital Markets Authority's approval to renew its right to deal in treasury shares, under a letter issued by the Authority on 5 November 2026 in response to the company's request received on 4 November 2026.
The purpose of the dealing, under the approval, is limited to keeping the company's share price stable, through buying and selling. The approval runs for six months from the date it was granted, 5 November 2026.
The approval requires that the dealing amount not exceed the limits of the percentage permitted to be withheld from shareholders' equity balances against the cost of treasury shares held, in accordance with Law No. 7 of 2010, its executive regulations and their amendments.
The company said the information has no effect on its financial position. The disclosure was signed by the company's CEO, Yousef Al-Essa, while the approval letter was issued by Mubarak Abdullah Al-Rifai, Director of the Corporate Finance and Governance Department at the Capital Markets Authority.
