SAIB denies M&A talks

01/07/2024 Argaam
Logo ofThe Saudi Investment Bank (SAIB)

Logo of The Saudi Investment Bank (SAIB) 

The Saudi Investment Bank (SAIB) denied entering into any talks with any party regarding acquisitions or mergers (M&As), in response to recent reports, according to a statement to Tadawul.

 

SAIB explained that its disclosure aligns with article (78), subsection (d), regarding the rules on the offer of securities and continuing obligations issued by the Capital Market Authority (CMA).

 

For more news and details on M&As

 

Bloomberg, citing well-informed sources, earlier reported that Kuwait Finance House (KFH) was studying the acquisition of a large stake in SAIB, data compiled with Argaam showed.

 

Meanwhile, KFH later indicated that it was thoroughly studying the potential expansion opportunities in Saudi Arabia, adding that the move aligned with KFH’s strategy of investing in other regional banks, including Saudi Arabia.

 

KFH is committed to fulfilling all the relevant requirements of the regulatory bodies, especially the Central Bank of Kuwait (CBK).

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.