Samba denies merger plans with local bank

02/06/2018 Argaam

 

Samaba Financial Group does not currently have plans to merge with any local banks, Eisa Al-Eisa, chairman of Samba Financial Group told Argaam.

 

“These reports are not true,” he told Argaam on Wednesday.

 

There has been social media buzz lately that Samba would merge with a local lender, following news on the merger of Saudi British Bank (SABB) and Alawwal Bank.

 

In 1999, Samba was founded as a result of a merger between Saudi American Bank and United Saudi Bank.

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