Samba says creditor objection period for merger with NCB ends on March 31

29/03/2021 Argaam

Logo of Samba Financial Group

Samba Financial Group announced today, March 29, 2021, that the creditor objection period in relation to merger with National Commercial Bank (NCB) will end on March 31, 2021.

 

According to Article 193 of the Companies Law, the merger will become effective upon the creditor objection period's expiry if there are no unresolved objections from the bank's creditors.

 

Shareholders of NCB and Samba approved on March 1, 2021, the merger of both banks, during their respective extraordinary general meetings (EGM), Argaam reported.

 

For More M&As

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.