The Saudi Stock Exchange (Tadawul) delisted Alawwal Bank shares as of Monday, June 17, the bourse said.
On June 16, Tadawul suspended trading on the lender’s stock, before the planned merger of Saudi British Bank (SABB) and Alawwal Bank came into effect the same day.
Under the merger, Alawwal Bank will no longer exist as a separate legal entity, as all its assets and liabilities will be transferred to SABB.
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