The Saudi British Bank announces its strategic direction for its holding in Wataniya Insurance Company
| Element List | Explanation |
|---|---|
| Announcement Detail | The Saudi British Bank (the “Bank”) announces its strategic direction with respect to its holding in Wataniya Insurance Company (the “Company”) which involves plans to exit the Company in a manner that bests serves the interests of its shareholders.
It should be noted that nothing in this announcement should be construed as a guarantee that the exit strategy will be completed. Any transaction contemplated to effect the proposed strategy will be subject to all applicable corporate and regulatory approvals. |
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