News & Credit Rating Announcements
14 April 2021 | Country: Saudi Arabia | Bank: Samba Financial Group (SAMBA)
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Ratings of Samba Financial Group Withdrawn Following Merger
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the ratings and discontinued analytical coverage of Samba Financial Group (Samba).
Samba has ceased to exist as a separate legal entity, with all assets and liabilities transferred to The National Commercial Bank (NCB), following the completion of their merger on 1 April 2021. NCB is the continuing legal entity.
Attachments
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Rating Announcement (CRA)
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