SAIB completes repurchase of JPMorgan’s stake

27/09/2018 Argaam
 

The Saudi Investment Bank (SAIB) said it has successfully completed the buyback of JPMorgan International Finance Limited’s stake in the bank.

 
The bank has also registered the purchased shares as treasury shares, it said in a statement to Tadawul.

 

On Wednesday, the bank’s extraordinary general assembly approved the buyback of 56.25 million shares representing 7.49 percent of capital from JPMorgan International Finance Limited at a total value of SAR 759.31 million (SAR 13.50 per share).

 

The shares were repurchased today in a negotiated deal within the Saudi Stock EXchange.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read