Deals
Year’s Biggest Bank Merger Sealed as Saudi Rivals Reach Deal
- National Commercial Bank to buy rival Samba for $15 billion
- Merger to create the Gulf’s third-biggest lender by assets
A National Commercial Bank (NCB) in Riyadh.
Photographer: Fayez Nureldine/AFP via Getty Images
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National Commercial Bank, Saudi Arabia’s largest lender by assets, agreed to buy rival Samba Financial Group for $15 billion in the biggest banking takeover this year.