NMBZ outlines capital strategy, eyes share repurchase

NMBZ Holdings Limited will seek shareholder approval for a share buyback programme of up to 10% of its issued shares through a special resolution at its 31st annual general meeting (AGM) scheduled for May 13.

The move forms part of the bank’s broader capital management strategy aimed at enhancing shareholder value, strengthening its balance sheet, and supporting long-term growth through efficient capital use on the Zimbabwe Stock Exchange (ZSE).

The proposed buyback programme will be executed through open-market transactions on the ZSE.

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