Riyadh – Mubasher: The board of Banque Saudi Fransi (BSF) has approved purchasing a number of the company’s shares with a maximum of 3 million shares, to allocate them within the employee long-term incentive plan (LTIP).
The purchased shares will be retained as treasury shares under the LTIP programme, according to a statement to the Saudi Stock Exchange (Tadawul).
The current percentage of the treasury shares at the company out of the total class of shares purchase stands at 0.471%.
Financing the purchasing process will be from the bank's own resources, the statement noted.
