Riyadh –  The Saudi Capital Market Authority (CMA) approved the merger of SAMBA Capital & Investment Management Company as the merged company into NCB Capital Company as the merging company.

Accordingly, the licence granted to SAMBA Capital & Investment Management Company has been cancelled, according to a statement on Monday.

On 1 April 2021, the National Commercial Bank (NCB) and Samba Financial Group have announced the expiry of the creditor objection period with no outstanding unsatisfied creditor objections for their planned merger.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.