Archive

Article length: 125 words

Saudi Arabia: Bank merger advances

Merger talks between Saudi British Bank (Sabb) and Alawwal Bank (formerly known as Saudi Hollandi Bank) are at an advanced stage, with a preliminary, non-binding agreement reached on the share exchange ratio. In statements issued on 16 May, they said the talks were still subject to the completion of due diligence and a number of other commercial issues.

Go to full article

Credit value: 1

African Energy Gulf States Newsletter