Mergers & Acquisitions
Retail Banking
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Saudi Arabia's NCB and Samba agree to $15bn merger that will create kingdom's largest lender
Saudi Arabia’s National Commercial Bank, the kingdom's biggest lender, agreed to merge with Samba Financial Group, in a $15 billion deal that will create the Arab world's third-biggest banking entity with $223bn of assets. Samba shareholders will receive 0.739 newly issued shares of NCB in exchange for each Samba share…
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