NCB completes Phase I of 2.1 mln share buyback
17/08/2017
Argaam
National Commercial Bank (NCB) has completed the first phase of buying back 2.1 million shares of its Executive Employees Stock Program, after obtaining shareholders’ approval last May.
The shares will be vested within three years under the program, the bank said in a bourse statement.
The transactions are not expected to have any material financial impact on NCBs financial statements.
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