Saudi National Bank emerges

Issue 1119 - 04 Feb 2021 | 1 minute read

National Commercial Bank (NCB) and Samba Financial Group (Samba) will adopt name Saudi National Bank following their merger, which should be concluded in H1 2021. The deal is intended to create a national banking champion with more than SR837bn ($223.2bn) in assets. It still needs final regulatory approval – which is expected without hitch – and shareholders’ approval when both banks hold extraordinary general meetings.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

View a selection of Free articles

Explore subscription options

Follow us on Google News