National Commercial Bank Enters into a Framework Agreement to Acquire Samba Financial Group

Posted on 06/26/2020


Saudi Arabia’s National Commercial Bank SJSC (NCB) inked a framework agreement to acquire rival Samba Financial Group for roughly US$ 13 billion. The combined entity would control assets of some US$ 210 billion. It could be the biggest banking takeover in the country. NCB entered into a framework agreement with Samba Financial Group to negotiate […]

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