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SAAB And Alawwal Bank’s Merger To Create Third-Largest Listed Bank In Saudi Arabia
After a year of talks, Saudi British Bank and Alawwal Bank have reached a preliminary, non-binding agreement to merge through the share exchange ratio. Based on this agreement, Alawwal Bank shareholders would receive 0.485 SABB shares for each Alawwal Bank share depending on this exchange ratio and the closing price…
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Click here to read the full story: Forbes Middle East