Mergers & Acquisitions
Retail Banking
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Saudi Bank NCB Plans $15.6 Billion Takeover of Rival Samba
National Commercial Bank, Saudi Arabia’s largest lender by assets, proposed to pay as much as $15.6 billion to acquire rival Samba Financial Group in what could become the biggest banking takeover this year. NCB offered to pay a premium of as much as 27.5% to Samba’s closing price on Wednesday,…
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Click here to read the full story: Bloomberg