ANB finalizes buyback of 5M shares for employee stock program

Logo of Arab National Bank (ANB)

Arab National Bank (ANB) completed today, Sept. 11, the repurchase of five million of its shares, to be allocated for its employee stock program, under the extraordinary general meeting’s (EGM) approval on May 20.

In a statement to Tadawul, the company said these shares were repurchased for SAR 98.33 million, at an average of SAR 19.67 per share.

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The buyback took place during the 12-month period set starting from the EGM date.