Tadawul lifts trading halt on NCB, Samba

28/06/2020 Argaam

 

The Saudi Stock Exchange (Tadawul) lifted today, June 28, the trading suspension placed on the shares of Samba Financial Group and National Commercial Bank (NCB) following the disclosure of a crucial event.

 

On June 25, Tadawul placed a trading halt on the stocks of both banks for 1 session, as per their request ahead of an event disclosure.

 

According to data compiled by Argaam, NCB signed, on June 25, a framework agreement with Samba Financial Group to begin due diligence process, and negotiate definitive and binding terms of a potential merger.

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