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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.