Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved the merger of Samba Capital and Investment Management Company as the merged company into NCB Capital Company as the merging company.

Accordingly, the licence granted to Samba Capital and Investment Management Company has been cancelled, according to a statement on Monday.

On 1 April 2021, the National Commercial Bank (NCB) and Samba Financial Group have announced the expiry of the creditor objection period with no outstanding unsatisfied creditor objections for their planned merger.