Saudi firm seeks control of Samba Bank Limited

February 18, 2026 (MLN): Najd Gateway Holding Company has declared its intention to acquire approximately 84.51% shareholding and control of Samba Bank Limited through a share purchase agreement, subject to regulatory approvals.

Arif Habib Limited, acting as manager to the offer, disclosed this information in a submission to the Pakistan Stock Exchange.

According to the public announcement issued under the Securities Act, 2015, the Saudi-based acquirer plans to purchase 852.04 million shares from the bank’s existing majority owner, The Saudi National Bank, which currently holds an 84.51% stake.

In addition, a mandatory public offer will be made to acquire at least 78.1 million shares, representing roughly 1.15% of the bank’s equity, in accordance with takeover regulations.

The acquiring firm is a privately held investment and holding company headquartered in Riyadh and wholly owned by Prince Mansour bin Mohammed S. Al Saud.

The transaction aims to establish a strategic platform in Pakistan’s regulated financial sector and strengthen financial cooperation between Saudi Arabia and Pakistan.

The offer is contingent upon completion of due diligence and receipt of all necessary regulatory approvals. If approvals are not granted, the acquirer may withdraw the intention to acquire.

Arif Habib Limited has been appointed as the manager of the offer.

Shares of Samba Bank closed at Rs14.01 on February 16, 2026, while the 28-day volume-weighted average price stood at Rs14.61 per share.

The bank has 1.01 billion issued shares of Rs10 each and has been listed on the Pakistan Stock Exchange since August 2003.

Copyright Mettis Link News