News 2020

Samba Financial Group (Samba) entered into a binding agreement to merge with The National Commercial Bank (NCB)

The G20 Summit: A platform to showcase Saudi reforms

Saudi Arabia has shown remarkable leadership of the G20 group of nations during challenging global times. November’s summit to be hosted by the Kingdom provides an opportunity for the kingdom to highlight its economic, cultural and social transformations.

Samba Financial Group Announces the Signing of a Framework Agreement with National Commercial Bank in relation to a Potential Merger of the Two Banks

Samba Financial Group (“Samba”) announces that it entered into a Framework Agreement on 25 June 2020 with National Commercial Bank (the “Framework Agreement”) in order to begin a reciprocal due diligence process and to negotiate definitive and binding terms of a potential merger of Samba and National Commercial Bank, (the “Proposed Transaction”).

Shareholders Invitation Announcement to Attend Samba’s Ordinary General Meeting (First Meeting)

Samba Financial Group Board of Directors is pleased to invite the Group’s Shareholders to attend the Ordinary General Meeting (First Meeting).

Samba Provides Exclusive Home Financing Offers to the Ministry of Media Subordinates who benefit from the Ministry of Housing and Real Estate Development Fund programs

Samba Financial Group and the Ministry of Media entered into a cooperation agreement, under which Samba provides facilitated financing offers to the employees of the Ministry of Media to enable them to own housing with competitive and exclusive benefits. This agreement comes in promotion of Samba's financing role to support the strategic development initiatives adopted by the Ministry of Housing to enable citizens to have appropriate housing.