Saudi GAC seeks public feedback on NCB-Samba merger

19/11/2020 Argaam

Saudi Arabia's General Authority for Competition (GAC) announced inviting the public to send their feedback about the economic concentration resulting from the merger between National Commercial Bank (NCB) and Samba Financial Group.

 

Both NCB and Samba filed with the Authority to finalize the economic concentration process, GAC noted.

The period for receiving opinions will expire within 15 days from today, GAC said.

 

Last October, NCB announced it entered into a legally binding merger agreement with Samba. The two banks have agreed to take the necessary steps to implement the merger, according to Argaam data.

 

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