Saudi British Bank and Alawwal Boards Agree to Merger
Posted on 10/07/2018
Lubna Sulaiman Al Olayan will become chairwoman of a new bank being formed from the merger of Saudi British Bank and Alawwal Bank. The merger will create Saudi Arabia’s third biggest lender. HSBC will own 29.2% of the new bank, along with Olayan Saudi Investment controlling 18.2%, and an investor group that includes the Royal […]
