Samba Financial Group jumped in Saudi Arabia after rival National Commercial Bank, the kingdom’s largest lender by assets, offered to acquire it for as much as $15.6 billion.The shares advanced 9.9% …
How COVID-19 changed the lifestyle in Saudi Arabia
People sit at a cafe in a mall in the Saudi capital Riyadh on June 4, 2020, after it reopened following the easing of some restrictions to stem the spead of the novel coronavirus. Image Credit: AFP …
Saudi Model Khaled Muhammed Almulhim is Rising in Popularity Charts
Khaled Muhammed Almulhim is among the few models to emerge out of a liberalizing Saudi Arabia. Only 31 years of age and single, this Saudi model is …
Saudi Arabia sees upward trend in COVID-19 cases
Dubai: Saudi Arabia on Friday reported 3,938 new coronavirus cases and 46 virus-related deaths over the past 24 hours, according to the Ministry of Health. This brings the total number of …
Philippines to Repatriate Remains of Workers Who Died From Covid in Saudi Arabia
The Philippines will bring home early next month the remains of 152 migrant workers who died of Covid-19 in Saudi Arabia, the Southeast Asian nation’s Labor Department said Friday.
Saudi Arabia owns more than half of Lucid Motors
California EV startup Lucid Motors gave up majority ownership to Saudi Arabia’s sovereign wealth fund in exchange for the $1.3 billion investment it closed last year, according to an email from the …
Saudi Arabia’s Largest Lender NCB To Acquire Smaller Rival Samba Financial
NCB will issue up to 1.54 billion new shares to Samba stockholders in the transaction The merger will also create a megabank with a lending portfolio worth $115 billion. Saudi Arabia’s largest bank by …
Saudi Lender NCB Weighs Deal for $13 Billion Rival Samba
National Commercial Bank, Saudi Arabia’s largest lender by assets, is exploring a deal to acquire rival Samba Financial Group in what could become the biggest banking takeover this year, people …
Saudi Arabia’s biggest lender NCB in merger talks with Samba
National Commercial Bank, Saudi Arabia’s biggest lender, said on Thursday it had signed an initial agreement with smaller lender Samba Financial Group to create a combined entity with almost $214 …
Trump announces new visa restrictions; Saudi Arabia planning only a limited Hajj; White House trade adviser walks back comments
US President Donald Trump temporarily suspended the issuance of new work visas for certain foreign workers on Monday, a move widely opposed by business groups. And, Saudi Arabia said it plans to allow …