Islamabad November 12 2024: Saudi National Bank, the largest bank of Saudi Arabia, decided to keep its stake in Samba Bank Limited as it terminates the process for the sale of its equity stake.
“We have been notified that after completion of due diligence and an exploration for the sale of its shares in Samba Bank Limited (Samba Pakistan), the Saudi National Bank (SNB), as the majority shareholder of Samba Pakistan are terminating the process for the sale of SNB’s equity stake in Samba Pakistan” states bank in filing to the exchange.
Samba Bank Limited is a banking company incorporated in Pakistan and is engaged in commercial banking and related services. The Bank is a subsidiary of the Saudi National Bank of the Kingdom of Saudi Arabia. The Samba Financial Group was merged into National Commercial Bank, KSA, and the new entity was renamed as Saudi National Bank.
