News
04 October 2018

Saudi British Bank, Alawwal merger is approved by boards

Region:
Middle East & Africa

Saudi British Bank and Alawwal have approved a merger agreement that would create the kingdom's third largest lender. The $5 billion deal, which was first announced in May, is the first major banking tie-up in Saudi Arabia in 20 years. Under the terms, each Alawwal bank share is valued at...

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