Riyadh — Mubasher: Scientific & Medical Equipment House Company announced a call for its fifth Extraordinary General Assembly meeting (EGM) which is scheduled for 11 November 2026 at 18:30, according to a bourse filing.

The primary agenda item is a proposal to repurchase up to 3 million of the company’s ordinary shares, representing 10% of its total capital.

The Board of Directors recommended the buyback as it considers the current market price of the stock to be below its fair value.

Based on a share price of SAR 26.24 as of 12 October 2026, the estimated cost of the transaction is SAR 78.72 million.

Meanwhile, the company intends to finance the purchase through its internal resources.

If approved, the company will be authorized to execute the buyback in one or several stages within a maximum period of 18 months.

Scientific & Medical Equipment House plans to hold these as treasury shares for a maximum of 10 years.

The EGM, meanwhile, will be conducted virtually via modern technology, and the quorum requires shareholders representing at least 50% of the voting rights.