Saudi National Bank to Hold 0.5% of UBS After Credit Suisse Bailout Merger
Posted on 05/01/2023
As a consolation prize, Credit Suisse Group AG’s largest shareholder, Riyadh-based Saudi National Bank, will hold about a 0.5% stake in UBS Group AG once the Swiss lenders complete their merger. Saudi National Bank, which is 37% owned by Public Investment Fund of Saudi Arabia (PIF), held about 9.88% of Credit Suisse before UBS agreed…
