Bank Albilad repurchases 10M shares for ESIP
Bank Albilad completed on March 5 the buyback of 10 million shares to allocate them to the employee stock program (ESIP). 
In a statement to Tadawul, the company said the value of repurchased shares reached 259.97 million, at an average of SAR 25.99 apiece.
Last October, Bank Albilad shareholders approved the board’s recommendation to repurchase up to 10 million shares to allocate them to the ESIP.
The 10 million shares represent nearly 0.67% of the bank’s total 1.5 billion outstanding shares.
Bank Albilad repurchases 10M shares for ESIP
Bank Albilad completed on March 5 the buyback of 10 million shares to allocate them to the employee stock program (ESIP).
In a statement to Tadawul, the company said the value of repurchased shares reached 259.97 million, at an average of SAR 25.99 apiece.
Last October, Bank Albilad shareholders approved the board’s recommendation to repurchase up to 10 million shares to allocate them to the ESIP.
The 10 million shares represent nearly 0.67% of the bank’s total 1.5 billion outstanding shares.
