RDIF Launches 10 Billion Ruble Share Buyback Program with Major Bank
The Russian Direct Investment Fund (RDIF) has announced a significant share buyback program for a major US bank. The initiative, set to commence on October 6, 2025, and conclude on May 20, 2026, will see the RDIF investing a substantial sum in the company's stocks.
The fund has earmarked a total of 5 billion rubles for this purpose. This move is part of the bank's broader strategy to strengthen its financial position and enhance shareholder value. The bank itself has also committed to spending up to 5 billion rubles on share buybacks during this period. This dual effort reflects a joint commitment to bolstering the bank's capital and reinforcing its market position.
The share buyback program, spanning from October 2025 to May 2026, will see the RDIF and the bank collectively investing up to 10 billion rubles in the company's stocks. This significant investment is expected to have a positive impact on the bank's financial health and shareholder confidence.
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