IssuerAnnouncementDetailsV2Portlet

Actions

The Saudi National Bank announces its intention to purchase a number of its own shares to allocate them to the Key Employees Equity Program

1180
SNB
-1.04 %
1446/07/19     19/01/2025 09:23:46

Element ListExplanation
Introduction The Saudi National Bank announces the Board of Directors recommendation to purchase a number of the Bank shares with a maximum of (16,000,000) shares to allocate them to the Key Employees Equity Program.
Board of director’s recommendation date 2025-01-16 Corresponding to 1446-07-16
Purpose of Purchase Key Employees Equity Program
Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) To retain them as Treasury Shares for the Key Employees Equity Program
Number of Shares to be Bought 16000000
Shares Class and type Ordinary Shares
Method of Financing the Purchasing Process Financing the purchasing process through the Bank’s own resources.
Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased 0.92%
Approvals and Meeting the Conditions of Financial Appropriateness The resolution will be voted on in the next Extraordinary General Assembly which will be announced later in accordance with the requirements of the fourth paragraph of Article seventeen of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies, and after satisfying solvency requirements by the Bank as stipulated in the third paragraph of Article seventeen of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.
Voting Right The purchased shares will not have voting rights in the General Assembly’s Meeting.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Performance

SNB
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 33.35
Net Change -0.35 (-1.04%)
Value Traded (Sar) 86,701,081.1
Volume Traded 2,589,258
See The Company Profile

LoginPortletPopupv2

Actions

AddtoWatchlistv2

Actions
NO PORTLET SESSION YET