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Alinma Bank's Board to Propose Share Repurchase

MT Newswires·01/04/2026 23:22:52
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11:22 PM EST, 01/04/2026 (MT Newswires) -- Alinma Bank's (SASE:1150) board will propose the repurchase of 5 million shares at the next extraordinary general assembly. The repurchased shares will be held as treasury shares for allocation to the employee stock incentive plan, according to a Sunday release. The process will be financed from the bank's own resources. Alinma Bank already secured the Saudi Central Bank's no-objection for the share repurchased on Dec. 31, 2025.