Tadawul delists Alawwal Bank for planned merger

18/06/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) delisted Alawwal Bank shares as of Monday, June 17, the bourse said.

 

On June 16, Tadawul suspended trading on the lender’s stock, before the planned merger of Saudi British Bank (SABB) and Alawwal Bank came into effect the same day.

 

Under the merger, Alawwal Bank will no longer exist as a separate legal entity, as all its assets and liabilities will be transferred to SABB.

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.