Samba Financial Group Announces that the Creditor Objection Period in Relation to the Merger Between Samba Financial Group and the National Commercial Bank Will Expire Soon
| Element List | Explanation |
|---|---|
| Announcement Detail | Further to Samba Financial Group’s announcement made on 17/07/1442H (corresponding to 01/03/2021G) through the Saudi Stock Exchange (Tadawul) in relation to the commencement of the creditor objection period in relation to the merger between Samba Financial Group and the National Commercial Bank (the "Merger"), Samba Financial Group would like to issue this reminder that the creditor objection period will expire at the end of the day on 18/08/1442H (corresponding to 31/03/2021G). Pursuant to Article 193 of the Companies Law, the Merger will become effective upon the expiry of the creditor objection period (assuming there are no unresolved objections from Samba Financial Group’s creditors).
For further information about the Merger, please refer to the offer document issued by the National Commercial Bank and the Samba Financial Group board circular issued by the board of directors of Samba Financial Group. |
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