Mergers & Acquisitions
Retail Banking
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Sabb completes merger with Alawwal Bank creating third-largest Saudi lender
Saudi Arabia’s Alawwal Bank formally merged on Sunday with Saudi British Bank (Sabb) to create the third-biggest lender by assets in the kingdom. “Following regulatory and shareholder approvals, the banks have now become a single-listed company," the lenders said in a joint statement. The two financial institutions will continue to…
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