"Xac Bank" JSC, in accordance with Article 36.3, 36.11, and 36.12 of the Law on Banking, Article 49, and Clause 76.1.7 of the Law on Company, and Clause 1.2.6 of Article 1 and Section 2.6 of Article 2 of the joint order of the Governor of the Bank of Mongolia and the Chairman of the Financial Regulatory Commission dated October 5, 2021 (A-262/262), which approved the procedure for making changes to the bank's share capital and shareholder structure in the form of a joint-stock company, as well as Section 8.26 of Article 8 of Xac Bank JSC’s regulations, has decided to approve a share buyback program with Resolution No. R-2024-51 of the Board of Directors dated November 7, 2024.

The bank has announced that within three months, it will buy back up to 2,200,000 shares at a price of up to 826 MNT per share, for a total of up to 1,750,000,000 MNT.

The bank has announced its intention to repurchase up to 2,200,000 shares within the next three months at a price of up to 826 MNT per share, with a total allocation of up to 1,750,000,000 MNT for the buyback program.

Click here for the Resolution of the Board of Directors.

MONGOLIAN STOCK EXCHANGE