Deals

Saudi Lender NCB Signs Agreement for $13 Billion Rival Samba

General Views Of Saudi Arabia's Capital — Photographer: Simon Dawson/Bloomberg

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By Stefania Bianchi

June 25, 2020 at 1:20 PM UTC

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National Commercial Bank, Saudi Arabia’s largest lender by assets, signed a framework agreement to acquire rival Samba Financial Group in what could become the biggest banking takeover this year.