NCB-Samba merged entity to be named Saudi National Bank
The entity following the merger of National Commercial Bank and Samba Financial Group will be named Saudi National Bank, the two financial institutions said in separate bourse filings on Monday (Feb 1).
NCB entered into a legally binding merger with Samba in October.
The merger, which will create Saudi Arabia's biggest bank with $223 billion in assets, remains subject to regulatory approvals.
The two banks expect the merger to complete during the first half of this year.
© SalaamGateway.com 2021 All Rights Reserved
