SAB completes purchasing million of its shares, allocates them ‎to employee incentive program

Saudi British Bank (Al-Awwal) announced the completion of its purchase of a number of its shares amounting to one million shares and allocating them within the employee incentive shares program “within a maximum period of twelve (12) months from the date of the extraordinary general assembly’s decision.”

The Bank said that the value of the purchased shares is 37.3 million riyals, with an average of 37.35 riyals per share, based on the approval of the extraordinary general assembly held on May 3, 2023.