Tadawul lifts trading halt on SABB, Alawwal after merger announcement

04/10/2018 Argaam

 

The Saudi Stock Exchange (Tadawul) said in a statement on Thursday that it has lifted the suspension of trading on Saudi British Bank (SABB) and Alawwal Bank starting from today, Oct. 4.

 

Yesterday, the Saudi bourse suspended trading on shares of both banks pending disclosures on their preliminary plans to merge, Argaam reported.

 

The two banks announced on Thursday entering into a binding merger agreement.

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