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Theeb Rent a Car Plans Buyback of Up to 6% of Share Capital

MT Newswires·11/05/2026 10:24:56
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10:24 AM EST, 11/05/2026 (MT Newswires) -- Theeb Rent a Car Co.'s (SASE:4261) board is proposing to buy back up to 3,982,797 of its ordinary shares, subject to shareholder approval at an extraordinary general assembly. The shares, which represent 6.037% of the car rental company's entire share capital, are intended to be kept as treasury stock due to the board's view that the current market price is below fair value, according to a Thursday filing. Theeb added that it will utilize bank facilities to fund the buyback transactions.