NCB and Samba Financial Group to Merge Creating a Saudi Banking Mammoth
Posted on 10/11/2020
National Commercial Bank (NCB) is the largest lender in Saudi Arabia. NCB entered into a binding merger agreement to acquire Samba Financial Group. Combined, NCB and Samba would have 837 billion riyals in assets, according to NCB. NCB agreed to pay 28.45 riyals for each Samba share. This gives Samba Financial Group a value of […]
