Saudi National Bank completed the purchase of 16mn shares for SAR582.3mn ($155.3mn) to allocate to employees within the bank's employee share programme, the bank said in a statement on Tadawul on November 25.
The purchase was completed on November 24 following approval by the Extraordinary General Assembly on April 15, with results published on the Saudi Exchange website on April 16. The average purchase price per share was SAR36.3966 ($9.71).
The purchase period allowed a maximum of 12 months from the date of the Extraordinary General Assembly resolution.
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