SNB repurchases 10 mln shares worth SAR 347.8 mln for ESOP

07/11/2023 Argaam
SNB headquarters

SNB headquarters 


Saudi National Bank (SNB) repurchased on Nov. 6 a total of 10 million shares to allocate to the employee stock ownership plan (ESOP).

 

According to the bank’s statement on Tadawul, the repurchase transaction was valued at SAR 347.8 million (SAR 34.78 per share).

 

SNB stated that the transaction was executed based on the approval of the extraordinary general meeting (EGM) held on May 7.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.