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Saudi Arabia's SNB’s shares dip as it seeks to own 10% stake in Credit Suisse worth $1.5bn
Saudi National Bank, known as SNB, is all set to invest up to $1.5 billion in Switzerland-based Credit Suisse, as the global investment bank eyes raising capital of $4 billion. Following the announcement, the bank’s shares declined by 6.27 percent to reach SR59.80 ($15.9) at the end of Thursday. According…
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Click here to read the full story: Arab News