The Board of Directors of the Saudi Fransi Bank agreed to purchase a number of the company’s shares with a maximum of 3 million shares in order to allocate them to the long-term employee incentives program.


According to Arabia Net, the bank said it will be held as treasury shares under the long-term employee incentive program.


In a statement to the Saudi Stock Exchange, Tadawul, he explained that the financing of the purchase of those shares, which represent 0.471% of the bank’s shares, will be made through self-resources.