Riyadh — Mubasher: Sport Clubs Company has invited its shareholders to an extraordinary general meeting on 19 October 2026 to vote on a proposal to repurchase up to 1.45 million of its ordinary shares.
The buyback, which represents a maximum of 10% of the company's issued shares, is intended for the establishment of an employee stock incentive program.
The company plans to fund the acquisition through its own internal resources. Based on a share price of SAR 8.44 as of 8 September 2026, the estimated cost of the buyback is SAR 12.24 million.
Under the proposal, the board of directors would be authorized to complete the purchase within 12 months of the meeting date. The repurchased treasury shares will be held for a period of four years before being allocated to eligible employees.
The proposed incentive scheme features a three-year vesting period for grants, which will be provided to employees at no cost.
The meeting, to be held virtually via the Tadawulaty platform, also requires shareholders to approve the program's terms and conditions.
According to the company's financial data as of 30 June 2026, retained earnings stood at SAR 109.34 million, providing sufficient coverage for the transaction.
On 16 September, Sport Clubs signed a land lease agreement valued at SAR 55.69 million.
