Riyadh – Mubasher: Saudi Hollandi Bank’s (SHB) chairman Mubarak Abdullah Al-Khafrah denied the purchase deal of the foreign partner stake of 40% in the bank.

Some news were circulated on social media platforms lately that Saudi Arabian General Investment will buy the ABN AMRO bank’s, the foreign partner, share, adding that the bank’s name will be changed to First Bank.

Any change in the foreign stake will be announced on time, Al Khafrah added to Makkah newspaper on Sunday.