SNB considers strategic options regarding its shareholding in Samba Bank

MG News | September 21, 2021 at 04:00 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 21, 2021 (MLN): Saudi National Bank ("SNB"), as the immediate parent company of Samba Bank Limited, has notified that it is considering all its strategic options in relation to its shareholding in Samba Pakistan Limited, including potential mergers, acquisitions, divestment and/or restructuring.

In a notification to Exchange, SNB said that any decision relating to the Strategic Review shall be subject to internal approvals and may be subject to regulatory approvals as well as execution of definitive agreements.

It may be mentioned that SNB is the successor entity of Samba Financial Group, pursuant to a merger process in the Kingdom of Saudi Arabia, and regulatory formalities for the formal recording of Saudi National Bank as the successor entity in Pakistan is under process, the notice added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,955.51 511.87M	-1.41% -2546.94
ALLSHR	107,760.09 1,031.65M	-1.33% -1447.05
KSE30	52,861.72 168.23M	-1.67% -899.47
KMI30	250,423.07 172.67M	-1.65% -4194.95
KMIALLSHR	69,064.88 707.35M	-1.58% -1107.48
BKTi	50,927.55 36.18M	-1.64% -850.36
OGTi	35,469.86 14.02M	-2.08% -753.79

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,715.00	65,190.00 64,070.00	305.00 0.47%
BRENT CRUDE	91.06	92.00 90.61	0.19 0.21%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	0.50 0.46%
ROTTERDAM COAL MONTHLY	122.70	122.70 122.00	0.45 0.37%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.22	85.07 83.77	0.48 0.57%
SUGAR #11 WORLD	17.48	17.59 16.89	0.61 3.62%