Logo of Wataniya Insurance Co.

Wataniya Insurance Co. received an email on Dec. 23, from Private Wealth Investment Holding Co., confirming the purchase agreement to acquire The Saudi British Bank’s (SABB) entire stake.

 

The stake comprises four million shares and represents 20% of the company’s capital, the insurer said in a bourse statement, indicating that the sale will be for SAR 80 million.

 

The bank recently signed a share sale and purchase agreement (SPA) worth SAR 80 million with Private Wealth Investment Holding Co. to sell its entire stake in Wataniya Insurance Co., according to data compiled by Argaam.

 

In July, SABB announced plans to exit Wataniya to serve shareholders' best interest.

 

For More M&As

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

SABB inks deal to sell entire stake in Wataniya Insurance for SAR 80 mln
SABB plans to exit Wataniya Insurance

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request