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NCB, Samba create joint website

NCB, Samba create joint website
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SAMBA
1090
4.62% 38.50 1.70
SNB
1180
-1.51% 36.50 -0.56

Riyadh – Mubasher: The National Commercial Bank (NCB) and Samba Financial Group created a joint website that contains information relating to the contemplated merger between the two banks, according to a bourse statement on Wednesday.  

On Sunday, NCB entered into a legally binding agreement with Samba to implement a merger between the two lenders.

The NCB-Samba tie-up will create a regional powerhouse with SAR 837 billion ($223 billion) in assets, uniquely positioned to accelerate the transformation of Saudi Arabia’s banking landscape and deliver progress towards Vision 2030.

The website can be accessed via the following link: https://www.ncbsambastronger.com.