Saudi Arabia: NCB and Samba in merger talks


Issue 1106 - 03 Jul 2020 | 1 minute read

National Commercial Bank (NCB) announced another attempt at combining with a local rival when on 25 June it said it was in talks with Samba Financial Group. The two lenders have entered a framework agreement and are to start a reciprocal due diligence process and negotiate binding terms for a deal.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles and set up news alerts.

Register

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News