Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended trading on the stocks of Alawwal Bank and the Saudi British Bank (SABB) starting from Wednesday, 3 October.
The decsiosn came upon the request of the two lenders that will announce an event soon, the Saudi bourse said.
On 16 May, Alawwal Bank and SABB stated that they have reached an advanced stage in their merger discussions.
During April 2017, the two Saudi lenders started their talks about a potential merger.
