“Riyad Bank” completes the purchase of 7.5 million shares for the “Employee Incentive Program”
Riyad Bank announced the completion of its purchase of a number of its shares allocated to the employee incentive stock program.
The bank said in a statement on its website "Saudi Arabia trading"This is based on the approval of the Extraordinary General Assembly held on 04-13-2025 AD, the results of which were published on the Tadawul website on 10-16-1446 AH, corresponding to 04-14-2025 AD.
The bank had announced the assembly’s approval of the purchase process on the Saudi Stock Exchange (Tadawul) website: 04-14-2025 AD, corresponding to 10-16-1446 AH.
The purchase process took place within a maximum period of 18 months from the date of the extraordinary general assembly’s decision.
The number of shares purchased was: 7.5 million shares, with an estimated value of about 206.6 million riyals, with an average purchase price per share of 27.55 riyals.
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