Riyadh – Mubasher: Alinma Bank has announced the successful completion of its share buyback process, acquiring 5 million of its own ordinary shares.
The transaction will be allocated toward the bank’s Employee Stock Incentive Program (ESIP), according to a bourse filing.
The transaction involved a total capital outlay of approximately SAR 122.55 million and was conducted following the authorization granted by the bank’s shareholders during an Extraordinary General Assembly.
Alinma Bank, a leading financial institution, confirmed the finalization of its share purchase program in a regulatory filing. The bank acquired exactly 5 million shares at an average price of SAR 24.51 per share.
The total value of the repurchased shares reflects the bank's commitment to its strategic human resources initiatives.
The buyback was executed under the mandate approved by the bank’s Extraordinary General Assembly, which was held on 21 April 2026. The results of this assembly, including the approval for the share purchase, were formally published on the Saudi Exchange website on 22 April 2026.
According to the terms of the resolution, the bank was permitted a maximum period of twelve months from the date of the assembly’s decision to complete the acquisition process.
By acquiring these shares, Alinma Bank intends to distribute them to eligible employees as part of a long-term compensation and retention strategy. Such programs are designed to align the interests of the bank’s workforce with those of its shareholders, encouraging a performance-driven culture and institutional stability.
The shares will be held as treasury shares until they are officially vested and transferred to the designated participants according to the program’s specific terms and conditions.
The completion of this purchase within the stipulated timeframe demonstrates the bank’s adherence to the regulatory framework established by the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul) regarding the acquisition of treasury shares.
This move also highlights the bank’s strong financial position, as it utilizes its capital to invest in its internal talent pool.
As the bank moves forward, the focus will transition to the administration of the incentive scheme.
The board of directors and relevant committees will oversee the allocation of the five million shares, ensuring that the distribution meets the pre-defined performance benchmarks and vesting periods.
This strategic initiative is expected to enhance the bank's ability to attract and retain high-caliber professionals, ultimately contributing to its long-term growth objectives in the Saudi financial sector.
