Investment Banking
Mergers & Acquisitions
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KHC closes $1.5bn deal to gain 16.2% stake in BSF
Kingdom Holding Company's Chief Executive Officer Eng. Talal Almaiman announced the closing of the company's deal to acquire 16.2 % stake in Banque Saudi Fransi for SR29.5 per share, a deal with total consideration of approximately SR 5.8bn ($1.5bn), positioning KHC as the largest shareholder in the bank. Almaiman commented: …
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Click here to read the full story: Saudi Gazette