Riyadh - Mubasher: Saudi Tadawul Group Holding Company has announced that its shareholders approved a strategic share buyback plan and the establishment of a dedicated employee stock incentive program during an Extraordinary General Assembly meeting.
The meeting, held via modern technology on 30 June 2026, saw a high level of participation with a quorum of 76.39%, reflecting strong shareholder engagement in the group’s long-term corporate governance and talent retention initiatives.
The primary outcome of the Extraordinary General Assembly was the authorization for the Group to purchase a maximum of 1.220 million of its own ordinary shares.
These shares are specifically earmarked for an Employee Stock Incentive Program, a move designed to align the interests of the workforce with those of the shareholders and the group’s long-term performance.
According to the disclosure, the buyback will be financed through the Group’s internal cash resources, indicating a stable liquidity position.
The Board of Directors has been granted a window of 18 months from the date of the assembly’s approval to execute the purchase process.
Once acquired, Saudi Tadawul Group is permitted to hold these treasury shares for a period of up to six years. This duration allows for the gradual vesting and allocation of shares to eligible employees.
Following the expiration of this six-year period, the group will adhere to the regulatory procedures and controls stipulated by the relevant Saudi Arabian laws regarding treasury shares.
In addition to the buyback, shareholders formally approved the structure of the Employee Stock Incentive Program itself. The Board of Directors has been delegated the authority to define the specific terms and conditions of the program.
This mandate includes determining the allocation price for each share offered to employees, should the shares be provided for a consideration.
The meeting was presided over by Mazen bin Abdulrazzak Al Romaih, Chairman of the Board, and attended by several high-ranking board members and committee chairs.
Notable attendees included Yazeed bin Abdulrahman Al Humied, Vice Chairman; Rania Mahmoud Nashar, Chair of the Governance, Risk, and Compliance Committee; and Khalid Abdullah Al Hussan, the Group’s CEO.
Other committee heads present included Omar Mohammed Al Houshan, Chairman of the Audit Committee, and Olayan Mohammed Al-Wetaid, Chairman of the Nomination and Remuneration Committee.
The assembly underscored the group’s commitment to modern corporate practices by conducting the session remotely from its headquarters in Riyadh. This approach ensures broad shareholder accessibility and aligns with the digital transformation goals prevalent in the Saudi financial sector.
In the first quarter (Q1) of 2026, the group’s net profits attributable to the shareholders fell by 53.85% to SAR 55.60 million from SAR 120.50 million in Q1-25.
