BinDawood Holding buys back 2M shares for SAR 15M

BinDawood Holding Co. headquarters

BinDawood Holding Co. said it completed, on May 29, a share buyback for the employees’ stock long-term incentive program, according to a statement to Tadawul.

The company said the share repurchase was completed in 12 months maximum from the extraordinary general meeting (EGM) approval on March 31, 2024.

The move comes as part of the company’s efforts to attract and retain key talents and motivate them to further improve their performance to achieve its strategic vision.