Alinma Bank plans to buy back 5M shares for ESIP

Alinma Bank’s repurchased 5M shares will not carry voting rights at the shareholder meetings.

Alinma Bank’s board of directors recommended, on Jan. 4, the repurchase of up to 5 million of the ordinary shares to be held as treasury shares and allocated to the employee stock incentive program (ESIP).

In a statement to Tadawul, the bank said the share repurchase will be self-financed, noting that treasury shares currently account for 0.51% of the total shares subject to the buyback.

The bank obtained the Saudi Central Bank’s (SAMA) approval on Dec. 31, 2025, for the buyback process.

The proposed buyback is subject to approval by the upcoming extraordinary general meeting (EGM), which will be announced later, in compliance with the implementing regulations of the Companies Law for listed joint stock companies, the statement added.

The bank is obliged to meet all required solvency conditions, in addition to submitting a report to the external auditor in accordance with these regulations.

The bank further indicated that the repurchased shares will not carry voting rights at the shareholder meetings.