Banking giant says to transfer its asset management, retail brokerage and retail margin lending businesses to the subsidiary of the Saudi British Bank
Alawwal Bank
SABB and Alawwal Bank complete historic merger
The move creates the third largest bank in Saudi Arabia
Look who’s talking: the Gulf’s $1trn bank merger bonanza
More than 20 Gulf financial institutions with total assets exceeding $1 trillion are in merger talks
Saudi banks SABB and Alawwal get nod for merger plan
Saudi British Bank says it will invite shareholders to consider and approve the merger at an extra-ordinary general meeting on May 15
AI an unprecedented opportunity for businesses, says Alawwal Bank MD
Experts at the Arabian Business Technology Forum have warned that the ‘hype’ surrounding AI is blinding many businesses to its possible applications
No more bank mergers expected in Saudi Arabia, says Central Bank Governor
Central Bank Governor Ahmed Al-Kholifey said that deflation is unlikely in Saudi Arabia due to consumer demand and real estate loans
It’s all about new ideas at Saudi Arabia’s oldest bank
On the cusp of a historic merger, Saudi Arabia’s oldest bank is using AI – and coffee – to reach out to a young, tech-savvy population
Riyadh bank’s ‘coffee shop’ branch helps lure new customers
Alawwal managing director Soren Nikolajsen says the Ibda cafe bank branch in Riyadh’s Nakheel Mall is ‘by far’ the most active of the bank’s branches, with a higher proportion of young and female customers
Saudi Arabia’s Alawwal Bank training all employees in AI
Alawwal Bank managing director Soren Nikolajsen said that the courses also show the limitations of AI technology and what it can currently do
The Gulf merger wave: What’s next for the banks in the region?
Abu Dhabi’s three-way bank merger is set to create a $114bn financial giant
Why it pays to bank on customer experience
Brand View: There’s a sure-fire way for Saudi banks to deliver sustained levels of growth, and that’s by providing a superior customer experience, writes Fadi Hani, Vice President – Middle East, Turkey and Africa, Avaya
Saudi Arabia’s Alawwal Bank, SABB merger “on track” for H1 completion
The merger will create the kingdom’s third largest bank
Saudi Arabia eyes deal to create $182bn mega bank
National Commercial Bank, Saudi Arabia’s biggest lender, says it has started initial talks with Riyad Bank for a merger
Plans approved to create Saudi Arabia’s third biggest bank
Boards of directors of The Saudi British Bank and Alawwal bank have approved a merger agreement
SABB, Alawwal merger to help RBS find buyer for Saudi stake
S&P says Saudi merger deal will free up capital that RBS holds against the Alawwal stake and help pave the way for the privatisation of RBS
HSBC’s Saudi unit to buy local RBS venture in $5bn stock deal
Preliminary agreement is reached between RBS-backed Alawwal Bank and Saudi British Bank