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National Commercial Bank

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Saudi Arabia: Two Largest Commercial Banks End Merger Talks
December 18th, 2019 - 07:34 GMT

Saudi Arabia: Two Largest Commercial Banks End Merger Talks

The boards of directors of the two largest banks in Saudi Arabia, in terms of capital, have announced their final decision to formally end the year's discussions on their merging. This announcement ends the idea of forming the largest commercial bank in Saudi Arabia and the region. Following the end of transactions on Monday, the Saudi Stock Exchange (Tadawul) announced Saudi Arabia’s biggest lender by assets, National Commercial Bank (NCB) ...
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