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ALAWWAL BANK ANNOUNCES THAT THE CREDITOR OBJECTION PERIOD IN RELATION TO THE MERGER BETWEEN ALAWWAL BANK AND THE SAUDI BRITISH BANK WILL SOON END

Alawwal Bank 1040 1.45% 19.58 0.28
Element List Explanation
Announcement Detail Further to the announcement made on 11/9/1440H (corresponding to 16/5/2019G) through Tadawul in relation to the commencement of the creditor objection period in relation to the merger between Alawwal bank and The Saudi British Bank pursuant to Article (193) of the Companies Law, Alawwal bank would like to remind that the creditor objection period will end at the end of day falling on 12/10/1440H (corresponding to 15/6/2019G). Pursuant to the Companies Law, the merger will take effect after this period (assuming there are no unresolved creditor objections).

For further information about the merger, please refer to the Offer Document issued by SABB and the Alawwal bank Board Circular issued by the board of directors of Alawwal bank.

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