Thursday 13 December 2018
 
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Alawwal Bank

SABB, Alawwal bank boards approve merger

Saudi British Bank (SABB) and Alawwal Bank (formerly Saudi Hollandi Bank) said they have won board approval for a merger that is aimed at creating a top-tier retail and corporate bank in the kingdom with SR271 billion ($72.2 billion) in assets

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SABB, Alawwal in deal to create Saudi's third largest bank

Saudi British Bank (SABB), one of the kingdom's leading financial institutions 40 per cent owned by HSBC Holdings, has reached an agreement to merge with Alawwal Bank (formerly Saudi Hollandi Bank) that would create Saudi Arabia&rsquo

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