Logo of Alinma Bank
Alinma Bankannounced the buyback and allocation of shares under its employee share incentive program (ESIP), following approval from the extraordinary general meeting (EGM) on April 21. 
In a statement to Tadawul, the lender said it completed the acquisition of five million shares within 12 months of the EGM approval date for SAR 122.55 million, at an average price of SAR 24.51 per share.
According to Argaamdata, the stock closed the previous session at SAR 24.63.
Alinma Bank’s EGM approved the repurchase of up to five million shares under its long-term ESIP, funded by its own resources.
The board was authorized to complete the buyback within 12 months from the EGM approval date and hold the shares for up to 10 years before following applicable regulatory procedures.
The repurchased shares represent about 0.17% of the bank’s 3 billion outstanding shares.
Logo of Alinma Bank
Alinma Bankannounced the buyback and allocation of shares under its employee share incentive program (ESIP), following approval from the extraordinary general meeting (EGM) on April 21.
In a statement to Tadawul, the lender said it completed the acquisition of five million shares within 12 months of the EGM approval date for SAR 122.55 million, at an average price of SAR 24.51 per share.
According to Argaamdata, the stock closed the previous session at SAR 24.63.
Alinma Bank’s EGM approved the repurchase of up to five million shares under its long-term ESIP, funded by its own resources.
The board was authorized to complete the buyback within 12 months from the EGM approval date and hold the shares for up to 10 years before following applicable regulatory procedures.
The repurchased shares represent about 0.17% of the bank’s 3 billion outstanding shares.
