Logo ofSaudi National Bank (SNB)
The Saudi National Bank’s (SNB) shareholders approved, in a meeting held on April 15, a board of directors recommendation to buyback up to 16 million ordinary shares to allocate them to its Key Employees Equity Program. 
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In a statement on Tadawul, SNB noted that shareholders also authorized the board to finalize the buy-back transaction, within a maximum period of 12 months from the date of the extraordinary general meeting’s (EGM) resolution.
The purchased shares will be kept by the bank for a period not exceeding 10 years from the EGM date as a maximum period until the shares are allocated to the eligible employees once the said period lapses.
Meanwhile, shareholders authorized the board to distribute interim dividends on a biannual or quarterly basis for the fiscal year 2025.
The EGM further approved all other items on the meeting agenda including contracts concluded with related party transactions.
Logo ofSaudi National Bank (SNB)
The Saudi National Bank’s (SNB) shareholders approved, in a meeting held on April 15, a board of directors recommendation to buyback up to 16 million ordinary shares to allocate them to its Key Employees Equity Program.
For more news on listed companies
In a statement on Tadawul, SNB noted that shareholders also authorized the board to finalize the buy-back transaction, within a maximum period of 12 months from the date of the extraordinary general meeting’s (EGM) resolution.
The purchased shares will be kept by the bank for a period not exceeding 10 years from the EGM date as a maximum period until the shares are allocated to the eligible employees once the said period lapses.
Meanwhile, shareholders authorized the board to distribute interim dividends on a biannual or quarterly basis for the fiscal year 2025.
The EGM further approved all other items on the meeting agenda including contracts concluded with related party transactions.
