Al Rajhi Bank denies PIF acquired 25% stake

25/11/2017 Argaam

 

Al Rajhi Bank has denied on its Twitter account news claiming that the Saudi Public Investment Fund has acquired a 25 percent stake in the bank.

 

The Tadawul-listed lender, which is the Kingdom’s second-largest bank by assets, also denied holding an extraordinary general assembly meeting to change its name.

 

Any major changes in the ownership would be revealed through Tadawul, according to the rules and for transparency, the bank added. 

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