Investment Banking
Mergers & Acquisitions
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Merger of Saudi banks Alawwal and SABB to go ahead despite delays: sources
The proposed merger of Saudi British Bank 1060.SE and Alawwal Bank 1040.SE has been delayed but not derailed, financial sector sources said. SABB, 40 percent owned by HSBC Holdings, and Alawwal, 40 percent owned by Royal Bank of Scotland announced in April that they had agreed to start talks.
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Click here to read the full story: Reuters