Mon, 2021-02-01 22:04
National Commercial Bank (NCB) announced Feb. 1 that, with respect to the bank’s merger with Samba Financial Group, the committee responsible for preparing the integration plan resolved that the proposed name (Saudi National Bank) shall be the new name of the merged bank upon the merger effective date, according to a bourse filing.
The bank also noted that the merger remains subject to obtaining the required regulatory approvals and the approvals of the banks’ shareholders.
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