Logo Design of Saudi National Bank (SNB)
Pakistan’s Bank Alfalah Limited sent a non-binding a sign deal to Saudi National Bank (SNBproviding to obtain its whole stake in Samba Bank Pakistan.
In a declaration to Pakistan Stock Exchange (PSX) today, March 29, Bank Alfalah stated the offer closure depends undergoes approval from regulative authorities to continue with the due diligence procedure for the acquisition.
SNB has actually reacted favorably, revealing desire to think about Bank Alfalah’s proposition, Bank Alfalah included.
SNB owns 84.51% of PSX-listed Samba Pakistan, according to Argaam information.