Saudi Arabia: NCB and Samba in merger talks


Issue 1106 - 03 Jul 2020 | 1 minute read

National Commercial Bank (NCB) announced another attempt at combining with a local rival when on 25 June it said it was in talks with Samba Financial Group. The two lenders have entered a framework agreement and are to start a reciprocal due diligence process and negotiate binding terms for a deal.

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