Tawuniya completes repurchase of 212, 140 treasury shares for SAR 29.6M
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1929611
- Published
- 2026-08-16 09:34:00
- Discovered by ProcIntel
- 2026-08-16 05:46:37
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p ><img src="https://argaamplus.s3.amazonaws.com/d0e5412e-0c21-41b1-aa22-0f62abb0befc.png" ></p> <p class="ckeCaption" >Logo ofCompany for Cooperative Insurance (Tawuniya)</p> <hr> <p >The Company for Cooperative Insurance (<a href="http://www.argaam.com/en/tadawul/tasi/tawuniya" target="_blank">Tawuniya</a>) completed the buyback of its shares allocated to its employee stock incentive plan (ESIP), for SAR 29.56 million, based on the average repurchase price.</p> <p ></p> <p >In a statement to <strong>Tadawul</strong>, the company said it repurchased 212,140 shares at SAR 139.35 per share.</p> <p ></p> <p >The buyback was carried out following the approval of Tawuniya’s extraordinary general meeting (EGM).</p> <p ></p> <p >According to data available on <span ><strong>Argaam</strong></span>, Tawuniya’s shareholders approved in June the repurchase of up to 212,100 shares to allocate them under the ESIP.</p> <p ></p> <p >The company said it would self-finance the repurchase.</p>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.