Saudi National Bank says merger with Samba completed

05/04/2021 Argaam

Saudi National Bank announced the completion of listing the consideration shares issued to Samba Financial Group’s eligible shareholders in respect of the merger, the bank said in a statement to Tadawul today, April 5, 2021.

 

Therefore, the merger has been completed as set out in the shareholder circular, it noted.

 

Last week, Samba and National Commercial Bank (NCB) announced the completion of the merger, with the new entity starting operations under Saudi National Bank name.

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