Riyadh – Mubasher: Bank Albilad announced its intention to purchase some of its shares, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

The aim is to hold the shares as treasury shares, as shares will be allocated within the employee shares programme.

The number of shares to be bought stands at 5 million ordinary shares, the statement noted.

The transactions will be financed from the bank’s internal resources.