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Alawwal and SABB merger to create Saudi Arabia’s third largest bank

By   /  May 16, 2018  /  Business  /  No Comments

DUBAI: Saudi British Bank (SABB) and Alawwal Bank have agreed on a merger, Alawwal Bank said on Wednesday, in a deal that would create Saudi Arabia’s third-biggest bank with assets of around $77 billion. The merger is the first major banking tie-up in almost 20 years as the kingdom embarks upon a plan to transform […]

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