The Saudi Stock Exchange (Tadawul) lifted today, June 28, the trading suspension placed on the shares of Samba Financial Group and National Commercial Bank (NCB) following the disclosure of a crucial event.
On June 25, Tadawul placed a trading halt on the stocks of both banks for 1 session, as per their request ahead of an event disclosure.
According to data compiled by Argaam, NCB signed, on June 25, a framework agreement with Samba Financial Group to begin due diligence process, and negotiate definitive and binding terms of a potential merger.
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