The Saudi Awwal Bank announces the completion of purchasing a number of its shares to allocate them within the Company's Employees Stock Incentive Shares Plan

SABTadawulJune 8, 2026View on exchange

AI Summary

Saudi Awwal Bank (SAB) completed the purchase of 5,743,651 of its own shares for the Employees Stock Incentive Shares Plan.
The total value of the purchased shares amounted to 196,430,552.03 SAR, at an average price of 34.1996 SAR per share.
The buyback was carried out following approval from the Extraordinary General Assembly meeting held on 21 April 2026.

Element List	Explanation
Announcement Detail	The Saudi Awwal Bank (SAB) announces the completion of purchasing a number of its shares to allocate them within Company's Employees Stock Incentive Shares Plan, in accordance to the approval of the Extraordinary General Assembly meeting (EOGM) held on 04 Dhu al-Qa'dah 1447 corresponding to 21 April 2026. And its results were published on the Saudi Exchange (TADAWUL) on 05 Dhu al-Qa'dah 1447 corresponding to 22 April 2026. Purchase Period: Within a maximum period of twelve (12) months from the date EOGM’s resolution. Number of the Purchased Shares: 5,743,651 Shares. Value of the Purchased Shares: 196,430,552.03 SAR. Average Purchase Price Per Share: 34.1996 SAR.

Element List

Explanation

Announcement Detail

The Saudi Awwal Bank (SAB) announces the completion of purchasing a number of its shares to allocate them within Company's Employees Stock Incentive Shares Plan, in accordance to the approval of the Extraordinary General Assembly meeting (EOGM) held on 04 Dhu al-Qa'dah 1447 corresponding to 21 April 2026. And its results were published on the Saudi Exchange (TADAWUL) on 05 Dhu al-Qa'dah 1447 corresponding to 22 April 2026.

Purchase Period:

Within a maximum period of twelve (12) months from the date EOGM’s resolution.

Number of the Purchased Shares:

5,743,651 Shares.

Value of the Purchased Shares:

196,430,552.03 SAR.

Average Purchase Price Per Share:

34.1996 SAR.