Logo of NCB Capital

Saudi National Bank expects the merger of NCB Capital Co. and Samba Capital and Investment Management Company (Samba Capital) to come into effect in the third quarter of 2021.

 

The bank said in a bourse statement that both NCB Capital and Samba Capital are currently working on completing all relevant procedures.

 

According to data compiled by Argaam, the board of the Capital Market Authority (CMA) issued its resolution on May 31, 2021, to approve the merger of Samba Capital as the merged company into NCB Capital as the merging company, and the cancellation of the license granted to Samba Capital.

 

National Commercial Bank (NCB) and Samba Financial Group announced, on April 1, the completion of their formal merger. The new bank started its operations under the name Saudi National Bank.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

CMA approves merger of Samba Capital & Investment Management with NCB Capital

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request