BinDawood Holding Co. headquarters
BinDawood Holding Co. said it completed, on May 29, a share buyback for the employees’ stock long-term incentive program, according to a statement to Tadawul.
The company said the share repurchase was completed in 12 months maximum from the extraordinary general meeting (EGM) approval on March 31, 2024.
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Details of Share Buyback |
|
|
Number of Shares |
2 mln |
|
Value of Repurchased Shares |
SAR 14.99 mln |
|
Average Price |
SAR 7.49 |
|
Percentage of Repurchased Shares of Capital |
0.175% |
The move comes as part of the company’s efforts to attract and retain key talents and motivate them to further improve their performance to achieve its strategic vision.
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