premargin

Element List	Explanation
Introduction	The Saudi Awwal Bank announces the board of director’s recommendation to the Extraordinary General Assembly to buy-back a number of the Bank’s shares with a maximum of (5,743,651) shares to allocate them within the Employee Stock Incentive Plan.
Board of director’s recommendation date	2026-03-04 Corresponding to 1447-09-15
Purpose of Purchase	To be held as treasury shares.
Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares)	Employee Stock Incentive Plan.
Number of Shares to be Bought	5743651
Shares Class and type	Ordinary shares.
Method of Financing the Purchasing Process	The buy-back of shares will be financed through the Bank’s own resources.
Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased	0.25%
Approvals and Meeting the Conditions of Financial Appropriateness	In accordance with Point 4 of Article 17 in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies, the approval of the Extraordinary General Assembly is necessary for the shares buy-back transaction. The date of the Extraordinary General Assembly's meeting will be announced in due course. Pursuant to Point 3 of Article 17 in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies, the Bank will satisfy all solvency requirements as per a report provided by the external auditor.
Voting Right	The purchased shares will not have voting rights in the General Assembly’s Meeting

Saudi Awwal Bank Announces Board recommendation to buy-back its Shares