The Saudi British Bank (SABB) announces the result of purchase of its own shares allocated within the Employee Stock Incentive Plan (First Tranche)
| Element List | Explanation |
|---|---|
| Introduction | The Saudi British Bank (SABB) announces the completion of purchasing its shares allocated to the Employees’ Stock Incentive Plan on 06/02/1443H corresponding to 13/09/2021, in accordance to the approval of the Extraordinary General Assembly meeting held on 18/08/1442H corresponding to 31/03/2021, and its published results in Tadawul website on 19/08/1442h corresponding to 01/04/2021.
Accordingly, SABB confirmed that it has completed the purchase of the required shares in one tranche only, and that no additional shares will be purchased during the specified purchase period as indicated below. |
| Date of Posting the Approval of the General Assembly on the Purchase on Tadawul's Website | 2021-03-31 Corresponding to 1442-08-18 |
| Purchase Period | 6 months from AGM approval |
| Number of the Purchased Shares | 3574316 |
| Value of the Purchased Shares | Around SAR 115Mn |
| Average Purchase Price Per Share | 32 SAR |
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