SNB finalizes a SAR 582.3 million share buyback for its employee stock program
The Saudi National Bank (SNB) completed on Nov. 24 a share buyback of16 millionshares, to be allocated under the employee stock plan, according to a statement to Tadawul. 
The share repurchase was valued at SAR 582.3 million, with the average repurchase price at SAR 36.40 per share.
The repurchase was carried out within a period not exceeding 12 months from the date of the extraordinary general meeting (EGM).
According to data available on Argaam, SNB shareholders approved in April the repurchase of up to 16 million shares, to be allocated to the employee stock ownership plan.
SNB finalizes a SAR 582.3 million share buyback for its employee stock program
The Saudi National Bank (SNB) completed on Nov. 24 a share buyback of16 millionshares, to be allocated under the employee stock plan, according to a statement to Tadawul.
The share repurchase was valued at SAR 582.3 million, with the average repurchase price at SAR 36.40 per share.
The repurchase was carried out within a period not exceeding 12 months from the date of the extraordinary general meeting (EGM).
According to data available on Argaam, SNB shareholders approved in April the repurchase of up to 16 million shares, to be allocated to the employee stock ownership plan.
