Tag - Samba

Saudi Arabia’s National Commercial Bank to Buy Samba

RIYADH, Oct 12 (Xinhua/APP): Saudi Arabia's biggest lender National Commercial Bank said on Sunday that it will purchase rival lender Samba in a deal valued at about 15 billion US dollars. The merger comes as Saudi Arabia is grappling with the shocks of the COVID19 pandemic and low crude oil prices against the backdrop of a global economic slowdown.