Tadawul to delist Samba shares from April 4

01/04/2021 Argaam

Logo of Samba Financial Group

The Saudi Stock Exchange (Tadawul) announced today, April 1, 2021, the Samba Financial Group's delisting from Tadawul All-Share Index (TASI) and the Banks Industry Group index, effective April 4, 2021.

 

Earlier in the day, Samba announced the creditor objection period's expiry on March 31, 2021, without receiving any creditor objections, Argaam reported.

 

Accordingly, the merger with National Commercial Bank (NCB) will take effect, pursuant to which Samba will cease to exist as a separate legal entity. Moreover, Samba's assets and liabilities will be transferred to NCB, which continues to exist as a legal entity.

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