Mergers & Acquisitions
Regulation, Risk & Compliance
Uncategorized
Sabb and Alawwal approve merger to create third-largest Saudi bank
The boards of Saudi British Bank (Sabb) and Alawwal bank approved a merger agreement between the two lenders that will create a financial entity with $73bn (Dh267.9bn) in combined assets in the Middle East’s largest banking market. The merger, which is still subject to shareholder and regulatory approval, will create…
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