The Saudi British Bank’s (SABB) shareholders will be voting today on a capital increase to SAR 20.55 billion from SAR 15 billion ahead of the bank’s merger with Alawwal Bank.

 

Alawwal Bank’s shareholders will also vote today on the binding merger agreement signed with SABB on Oct. 3, 2018.

 

Under the merger deal, the assets and liabilities of Alawwal will be transferred to SABB.

 

Alawwal shareholders will receive 0.485 new SABB share for each Alawwal share they own.

 

The new entity will be Saudi Arabia’s third largest bank after NCB and Al Rajhi Bank with assets amounting to SAR 268 million.

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.

Join Us

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