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Stock Repurchase Agreement

Stock Repurchase Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Stock Repurchase Agreement

"I need a Stock Repurchase Agreement for our Saudi-listed technology company to repurchase 100,000 shares from the open market as part of our treasury stock program, with the repurchase to be completed by March 2025."

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Document background
The Stock Repurchase Agreement is a crucial document used when a Saudi Arabian company decides to buy back its own shares from existing shareholders, whether for treasury stock, capital reduction, or as part of an employee exit arrangement. This document must strictly comply with Saudi Companies Law and Capital Market Authority (CMA) regulations, which impose specific requirements on share repurchase programs, including maximum holding limits, disclosure obligations, and fair value determinations. The agreement is particularly important in scenarios involving listed companies, employee stock ownership plans, or strategic corporate restructuring. It must address both regulatory compliance and practical implementation aspects, including Shariah compliance considerations where relevant. The document typically includes detailed provisions for valuation mechanisms, closing conditions, and regulatory approvals, making it essential for corporate governance and capital structure management.
Suggested Sections

1. Parties: Identification of the company purchasing its shares and the selling shareholder(s)

2. Background: Context of the transaction, including company details and basis for the stock repurchase

3. Definitions: Key terms used throughout the agreement, including regulatory references and technical terms

4. Purchase and Sale: Core transaction terms including number of shares, purchase price, and payment terms

5. Regulatory Compliance: Confirmation of compliance with CMA regulations and Companies Law requirements

6. Closing Conditions: Prerequisites for completing the transaction, including regulatory approvals

7. Representations and Warranties: Statements of fact by both parties regarding their capacity, authority, and share ownership

8. Covenants: Ongoing obligations of the parties before and after closing

9. Closing Mechanics: Procedural requirements for executing the transfer of shares

10. Termination: Circumstances under which the agreement can be terminated

11. Confidentiality: Obligations regarding non-disclosure of transaction details

12. Governing Law and Jurisdiction: Confirmation of Saudi Arabian law application and dispute resolution procedures

13. Notices: Communication procedures between parties

14. General Provisions: Standard boilerplate clauses including amendments, waiver, and severability

Optional Sections

1. Phased Purchase Program: Include when the repurchase will occur in multiple tranches over time

2. Tax Matters: Include detailed tax provisions when complex tax implications exist or for international shareholders

3. Shareholder Rights: Include when dealing with partial share sales or ongoing shareholder relationships

4. Market Trading Restrictions: Include for listed companies with specific trading windows or blackout periods

5. Employee Considerations: Include when repurchasing shares from employee shareholders with specific employment-related conditions

6. Zakat Provisions: Include specific Zakat handling procedures when relevant to the transaction

7. Anti-dilution Provisions: Include when there are outstanding convertible securities or future share issuances planned

Suggested Schedules

1. Share Details: Detailed description of shares being repurchased, including class, rights, and certificates

2. Purchase Price Calculation: Formula or methodology for determining the share price

3. Required Regulatory Approvals: List of specific approvals needed from CMA and other authorities

4. Closing Checklist: Detailed list of documents and actions required for closing

5. Form of Transfer Instruments: Template documents for executing the share transfer

6. Corporate Authorizations: Copies of board and shareholder resolutions authorizing the repurchase

7. Disclosure Schedule: Detailed disclosures related to representations and warranties

Authors

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




































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Relevant Industries

Financial Services

Banking

Investment Companies

Real Estate

Manufacturing

Technology

Healthcare

Telecommunications

Energy

Retail

Professional Services

Education

Relevant Teams

Legal

Finance

Corporate Governance

Compliance

Treasury

Investor Relations

Risk Management

Corporate Secretariat

Executive Management

Board Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Secretary

Finance Director

Compliance Officer

Treasury Manager

Board Member

Corporate Governance Officer

Shareholder Relations Manager

Investment Manager

Risk Manager

Company Secretary

Financial Controller

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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