SNB repurchases 10 mln shares worth SAR 347.8 mln for ESOP

07/11/2023 Argaam

SNB repurchases 10 mln shares worth SAR 347.8 mln for ESOP

SNB headquarters 

Saudi National Bank (SNB) repurchased on Nov. 6 a total of 10 million shares to allocate to the employee stock ownership plan (ESOP).

 

According to the bank’s statement on Tadawul, the repurchase transaction was valued at SAR 347.8 million (SAR 34.78 per share).

 

SNB stated that the transaction was executed based on the approval of the extraordinary general meeting (EGM) held on May 7.

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