Saudi National Bank was created as a result of the historic merger between National Commercial Bank and Samba Financial Group
Saudi bank merger
Latest in Saudi bank merger
Alawwal Bank
SABB and Alawwal Bank complete historic merger
The move creates the third largest bank in Saudi Arabia
National Commercial Bank
NCB and Samba announce merger to create Saudi Arabia’s largest bank
Saudi National Bank will be headquartered in Riyadh and will begin operations on April 1
Fitch Ratings
Saudi Islamic banks see improved profitability amid lower funding costs
Fitch Ratings says Saudi Arabia has the largest Islamic banking financing base of any country
Fitch Ratings
Saudi banking profits rise despite pressure on assets, says Fitch
Ratings agency says Saudi banks saw little new business and subsequent low loan growth affected by lower government spending in 2018
Bahrain banking
GCC’s wave of bank mergers ‘almost over’, says S&P
Ratings agency says pool of GCC-based banks with common major shareholders is shrinking which will mean fewer M&A from now on
Alawwal Bank
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
Abdulmohsen Al-Fares
Saudi Arabia’s Alinma Bank CEO says open to merger opportunities
Saudi Arabia’s banking landscape is changing with lenders exploring merger, says Alinma Bank boss
General Authority for Zakat and Tax
Saudi Arabia said to mull raising tax on local banks
Sources say Gulf kingdom is considering plans to increase an Islamic tax paid by local banks to as much as 20%
Ahmed Abdulkarim Alkholifey
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