Seera Group Holding to acquire 26.4 million shares as treasury shares

Following the extraordinary general assembly meeting (Second Meeting) held on Sunday, Seera Group Holding’s Board of Directors disclosed the outcomes, notably approving the purchase of a maximum of 26,443,812 shares to be retained as treasury shares.
The decision stems from the belief that the current market share price undervalues the company. The purchase will be funded through internal resources, with authorization granted to the Board of Directors or its delegates to complete the acquisition within a maximum period of 12 months from the date of the Extraordinary General Assembly’s approval.
Seera Group Holding may hold onto the treasury shares for up to five years, after which it will adhere to the regulations stipulated by relevant laws and policies.