SABB, ALAWWAL TO MERGE

Times of Oman - - MARKE -

Saudi Bri­tish Bank (SABB) and Alawwal Bank have agreed a merger to cre­ate Saudi Ara­bia’s third-big­gest lender, in a $5 bil­lion deal that marks the first ma­jor bank­ing tie-up in the king­dom in two decades.

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