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THE SAUDI BRITISH BANK (SABB) ANNOUNCES THE LISTING OF THE CONSIDERATION SHARES AND THE COMPLETION OF THE MERGER

SAB 1060 18.57% 41.50 6.50
Element List Explanation
Announcement Detail In reference to the announcement made by the Saudi British Bank (“SABB”) on 16/6/2019 regarding the effectiveness of the resolution to merge Alawwal bank in SABB (the “Merger”), SABB would like to announce that the listing of the Consideration Shares (as defined in the Shareholder Circular) and the deposit of the same in the accounts of the eligible Alawwal bank Shareholders have been completed. Therefore, pursuant to the Merger Agreement and as set out in the Shareholder Circular, the Merger has been completed.

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