| Element List | Explanation |
|---|---|
| Introduction | Scientific & Medical Equipment House Co. announces the Board of Directors' decision to recommend to the Extraordinary General Assembly the approval of repurchasing up to three million (3,000,000) of its shares, representing (10%) of the company’s total shares, to be retained as treasury shares. |
| Board of director’s recommendation date | 2026-09-20 Corresponding to 1448-04-09 |
| Purpose of Purchase | Retaining the purchased shares as treasury shares |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | The Board of Directors considers the market price of the company's share to be lower than its fair value. |
| Number of Shares to be Bought | 3000000 |
| Shares Class and type | Ordinary Shares. |
| Method of Financing the Purchasing Process | The share repurchase will be funded from the company's own resources. |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | 0% |
| Approvals and Meeting the Conditions of Financial Appropriateness | Extraordinary General Assembly Approval must be Obtained for the shares buy-back transaction, also financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law shall be fulfilled |
| Voting Right | Purchased Shares Shall not Have Voting Rights in the General Assembly’s Meetings |
