Riyadh – Mubasher: Saudi Awwal Bank (SAB) has completed the buyback of 5.74 million shares for the employee stock incentive program (ESIP) after receiving the extraordinary general meeting’s (EGM) approval on 21 April.
The value of the purchased shares amounts to SAR 196.43 million, with an average price of SAR 34.19 per share, according to a bourse disclosure.
In the three-month period that ended on 31 March 2026, SAB logged lower net profits to the owners at SAR 2.08 billion, compared to SAR 2.13 billion a year earlier.
Last month, the lender signed a SAR 6.40 billion bilateral financing agreement with Al Bawani, in which the Public Investment Fund (PIF) holds a stake.
