NCB completes Phase I of 2.1 mln share buyback

17/08/2017 Argaam

National Commercial Bank (NCB) has completed the first phase of buying back 2.1 million shares of its Executive Employees Stock Program, after obtaining shareholders’ approval last May.


The shares will be vested within three years under the program, the bank said in a bourse statement.

The transactions are not expected to have any material financial impact on NCBs financial statements.

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