BinDawood Holding shareholders to vote on 1M share buyback on June 17

BinDawood Holding shareholders will also vote on authorizing the board to distribute interim dividends for 2026.

BinDawood Holding Co. said its shareholders will vote on several agenda items, including the company’s repurchase of up to one million shares for allocation under the employee stock incentive program (ESIP) during an extraordinary general meeting scheduled for June 17.

In a statement to Tadawul, the company said the buyback will be financed through its own resources, with the board of directors authorized to complete the purchase within 18 months.

The shares may be retained for up to 10 years from the date of the shareholders’ approval until they are allocated to eligible employees.

Shareholders will also vote on authorizing the board of directors to distribute interim dividends on a semi-annual or quarterly basis for 2026, the statement added.

The agenda also includes voting on businesses and contracts concluded in 2025 involving certain board members.

The shares proposed for purchase represent approximately 0.087% of the company’s total outstanding shares of 1.14 billion, with a nominal value of SAR 1 per share.