🇿🇼ZimbabweSouthern Africa
NMBZ Holdings to seek shareholder approval for share buyback program
via NewsDay Zimbabwe6 min read
NMBZ Holdings Limited plans to seek shareholder approval for a share buyback program of up to 10% of its issued shares at its 31st annual general meeting on May 13. This initiative is part of the bank's capital management strategy, aiming to enhance shareholder value, strengthen its balance sheet, and support long-term growth through efficient capital use on the Zimbabwe Stock Exchange. The buyback will be conducted via open-market transactions. This follows the release of the group’s annual financial report for the year ended December 31, 2025, which highlighted NMBZ's focus on growth, supported by projected stability in macroeconomic indicators. The group increased its foreign credit lines to US$70 million last year, contributing to a 27% growth in total assets to ZiG9 billion. NMBZ chief executive officer Gerald Gore stated that the company is positioned for sustainable growth after restructuring initiatives, safeguarding the interests of customers, regulators, and shareholders.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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