Riyadh – Mubasher: The board members of Sport Clubs Company recommended on 6 August 2026 the repurchase of 1.45 million ordinary shares.

The buyback is intended for the establishment of an employee incentive program, with the repurchased stock to be held as treasury shares until they are allocated to eligible staff members.

The transaction will be financed through its own internal resources. Currently, Sport Clubs holds 0% of its total shares as treasury stock, according to a bourse disclosure.

The execution of the buyback is subject to approval by the Extraordinary General Meeting (EGM) and must meet financial solvency requirements as stipulated by the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.

Daily purchase volumes will not exceed 25% of the average daily trading volume over the five trading days preceding the transaction.

Furthermore, the purchase price must not exceed the previous day's market closing price by more than 5%. The shares will be acquired directly through the market and will not carry voting rights or be eligible for dividends while held by the company.

In the second quarter (Q2) of 2026, the company’s net profits jumped by 100.89% year-on-year (YoY) to SAR 13.79 million from SAR 6.87 million.