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The General Authority for Competition approved the completion of the economic concentration process between the National Commercial Bank and the Samba Financial Group.
Trending: Direct flights from India to Saudi Arabia may be launched soon, said Indian Ambassador.
She clarified today (Wednesday) that the type of concentration will be the merger of Samba Group in the National Bank and the transfer of all its assets and liabilities to it.
The National Bank announced in October of last year that if the merger is approved, all Samba shares will be canceled, and it will issue new shares to its shareholders.
Also Read : Municipal Affairs” sets the dates for applying controls on groceries and supplies

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