Al-Ahly Commercial Bank and Samba Financial Group expect to complete the merger during the first half of 2021 AD.
According to Arabiya Net, business integration plans are expected to be completed in the coming months until the merger is completed, as the actual business combination is expected to be implemented within the next three years. < / p>
and the company has been appointed. B. Morgan Saudi Arabia as a financial advisor to the National Bank, with regard to the merger, Abu Haimed, Al Sheikh and Al Haqbani, attorneys and legal advisors as legal advisor to the National Bank with regard to the merger.
Al-Ahly Commercial said that the completion of the merger is not guaranteed, as it is still subject to the conditions stipulated in the merger agreement.
and after obtaining the necessary regulatory approvals, the National Bank will publish a circular to its shareholders, including all the details related to the merger and the increase of its capital.
