VOL. XLII
No. 22
31-May-1999
SAUDI ARABIA
USB-Samba Merger To Be Finalized
The planned merger between United Saudi Bank (USB) and theSaudi American Bank (Samba) is close to finalization in a deal which values oneSamba share at 3.25 USB shares. Progress was announced following a meetingbetween the two banks on 24 May to resolve outstanding differences overvaluation. According to the Saudi daily Arab News, Prince al-Walid ibnTalal rejected an earlier Samba proposal of 3.75 USB shares to one Samba...
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