On March 10, 2026, Saudi Arabian Oil Company announced its Board of Directors' approval to repurchase up to 350 million ordinary shares from the market, with a maximum expenditure of SAR 11.3 billion ($3 billion). The shares will be retained as treasury shares for allocation to employee share plans, funded through the Company's internal resources. The repurchase program will be executed over an 18-month period through one or more transactions, with shares held for a maximum of 10 years from the purchase date.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.