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. 

Comments {{getCommentCount()}}

Be the first to comment

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.