Alawwal, SABB proposed merger still on the table
11/01/2018
Argaam
The proposed merger between Alawwal Bank and Saudi British Bank (SABB) is being pursued by stakeholders, despite belated agreement on valuation and approvals, financial sector sources told Reuters.
If the merger proceeded as anticipated, the resulting bank will be Saudi Arabia's third largest by assets and second largest by capital.
In April 2017, Alawwal, 40 percent owned by Royal Bank of Scotland, and SABB, 40 percent owned by HSBC Holdings, started preliminary talks for combining business.
Market Indices
TASI
10,542.23
(47.72)
(0.45 %)
Quotes
SAB
34.34
0.72
2.14%
Alawwal
19.58
0.28
1.45%
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}