The Stock Exchange said in a statement on its official website today, that the lifting of the suspension of trading on the shares of AlAhli Commercial and Samba Financial will be effective from today, Sunday 28 June 2020.
The stock exchange indicated that the two companies had suspended trading on their shares starting last Thursday, June 25th.
Al-Ahly Commercial had revealed last Thursday that it had signed a framework agreement with the Samba Financial Group; To start necessary professional care studies and negotiate final and binding rulings regarding a possible merger deal.
Al Rajhi Research Company commented on the signing of the framework agreement between Samba and Al-Ahly, to study the possibility of merging into one entity, saying that the investment of the National Bank through the Samba Group would be better than staying in the situation Al-Qaim is a sign that Samba is more strategic fit than Riyad Bank, and the cost will be good.
The National Bank ranks first in the size of assets in the Kingdom at the present time, while the Samba Group is ranked fourth.
