Riyadh, Saudi Arabia — Tawuniya Insurance has completed the repurchase of 199,862 shares under its employee incentive share program. The buyback was approved by the company’s Extraordinary General Assembly (EGA) on May 27, 2025.
According to a disclosure published on Tadawul, the total value of shares repurchased was approximately SAR 28.76 million, with an average price of SAR 143.68 per share.
Tawuniya Share Buyback Aligns with Strategic Incentives
The Tawuniya share buyback is part of the company’s broader initiative to support its employee incentive program. The approved buyback window is valid for 18 months from the EGA date, and the shares may be retained for up to 10 years. If not allocated to employees within that period, they will be handled according to applicable regulations.
Employee Incentive Share Plan Supports Workforce Goals
This Tawuniya employee share program reflects a broader shift in how Saudi companies compensate and retain talent. Equity-based plans are increasingly used by listed firms to align long-term employee and shareholder interests.
Tawuniya Insurance is one of Saudi Arabia’s leading providers of health, motor, and general insurance. It continues to contribute significantly to the Kingdom’s financial services sector.
The Saudi Standard’s View: Incentivizing Through Ownership
Tawuniya’s share repurchase reinforces a strategic shift toward equity-based compensation in Saudi Arabia. It represents a broader evolution in corporate governance, particularly in publicly listed companies.
By offering employees a stake in the company, Tawuniya aligns internal performance with market expectations. This approach not only deepens employee engagement but also enhances long-term value creation by tying compensation to outcomes that matter to both the workforce and shareholders.
Moreover, this move signals a maturing capital market environment where talent retention and corporate culture are supported through modern financial mechanisms. As Vision 2030 progresses, equity-based incentives will likely become institutional norms—driving transparency, loyalty, and innovation across the national economy.
In this context, Tawuniya’s actions serve as a reference point for other companies navigating the balance between regulatory compliance, workforce motivation, and competitive advantage.
