Mergers & Acquisitions
Retail Banking
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RBS expects capital boost from Saudi bank merger
Royal Bank of Scotland Group PLC said Monday that the completed merger of Alawwal Bank (1040.SA) and Saudi British Bank (1060.SA) will boost its capital and eventually facilitate the sale of its interest in the combined lender. RBS previously held a minority stake in Alawwal, which completed its merger on…
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Source: Royal Bank of Scotland Group PLC and Alawwal Bank