NCB-Samba Reach Merger Deal

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Executive Summary

National Commercial Bank (NCB), Saudi Arabia’s biggest lender and Samba Financial Group (Samba) have signed a binding merger agreement. The merged bank, with assets worth USD 223billion, would be GCC’s third-biggest banking entity after Qatar National Bank and First Abu Dhabi Bank (UAE)
NCB-Samba merger deal was reported to be under discussion in June 2020, six months after NCB ‘s merger talks with Riyad Bank fell through after almost a year of discussion..

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