A bank for all
A message from the leadership of NCB and Samba.
This merger of NCB and SAMBA would create a clear national champion that will transform the local banking sector and catalyze the delivery of Saudi Arabia’s Vision 2030
Saeed Mohammed Al-Ghamdi, Chairman of NCB
Our goal is to approach this merger with the objective to maximize opportunities for our customers, employees, local communities and shareholders. Together, SAMBA and NCB could truly become a bank for all
Ammar Alkhudairy, Chairman of SAMBA
A new Saudi banking champion
Largest wholesale bank supporting economic transformation in Saudi Arabia
Revolutionizing the Saudi banking industry
The new, bigger bank will achieve significant value, driving positive impact for shareholders, customers and communities
The merged bank in numbers
Resilient powerhouse with strong liquidity and robust capital position
Based on aggregated financials as at 30 June 2020
82%
loan to deposit ratio
120
billion
combined equity base
(USD 32 billion)
SAR
Merger timeline
Get your updates on the merger journey
Jun 25
2020
Merger announcement
Initial disclosure to pursue merger discussions and start due diligence
Jul 01
2020
Due diligence
Merger studies period for both banks
Oct 11
2020
Merger agreement signed
Signing of the agreement to proceed with the merger
Est. Q2
2021
Start of integration
Deal completion
Mar 01
2021
Extraordinary General Meeting (EGM) vote
Shareholders vote on the proposed merger after regulatory approvals
Stay up to date with what media is saying about the merger process
Latest news
Date
Article Headline
Publication
Link
IR contacts
NCB
Institutional investors
Shareholders
Samba
Institutional investors
Shareholders
Frequently asked shareholder & investor questions
If you have a question that has not been answered below, view the full investor FAQ document
What am I getting as a shareholder?
The proposed merger will unlock considerable synergies and growth potential to maximize value for all stakeholders. Shareholders will benefit from the strategic and financial upsides of the merger as the larger franchise will deliver more opportunity and drive long-term shareholder value. For more information, please download the investor FAQs
Why and when should shareholders vote for the merger?
As a shareholder, you will be invited to vote on the proposed merger at an Extraordinary General Meeting (EGM), following which, if the merger will be agreed by the shareholders of both banks, the two entities’ shares will be combined and the starting date of trading the new entities’ shares will be dependent on obtaining all necessary approvals from the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul). For more information, please download the investor FAQs
What will be the dividend policy going forward?
Discussions are ongoing but no final decisions have yet been made. Both banks are working together to create a dividend policy that is in the best interest of all stakeholders
However, the combined entity will have a strong capital position and any dividend policy decisions will be a reflection of its capital strength. For more information, please download the investor FAQs
What happens after the firm intention announcement?
The next step is to seek both banks’ shareholders’ approval on the proposed merger in the upcoming EGM. The timing of the EGM will be subject to the completion and publication of an Offer Document and Shareholder Circulars that are required by the regulators. You will be notified on the process in due course. For more information, please download the investor FAQs
Why are the banks merging?
The proposed merger will unlock considerable synergies and growth potential to maximize value for all stakeholders:It will create a new Saudi banking champion which will be a regional powerhouse in the consolidating Saudi and MENA banking landscape. It will be the number one bank in Saudi Arabia serving approximately 25% of the retail and wholesale banking market with aggregated SAR 837 billion ($223 billion) assets. For more information, please download the investor FAQs
Customer contacts
Frequently asked customer questions
If you have a question that has not been answered below, view the full customer FAQ document
What am I getting as a shareholder?
The proposed merger will unlock considerable synergies and growth potential to maximize value for all stakeholders. Shareholders will benefit from the strategic and financial upsides of the merger as the larger franchise will deliver more opportunity and drive long-term shareholder value. For more information, please download the investor FAQs
Why and when should shareholders vote for the merger?
As a shareholder, you will be invited to vote on the proposed merger at an Extraordinary General Meeting (EGM), following which, if the merger will be agreed by the shareholders of both banks, the two entities’ shares will be combined and the starting date of trading the new entities’ shares will be dependent on obtaining all necessary approvals from the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul). For more information, please download the investor FAQs
What will be the dividend policy going forward?
Discussions are ongoing but no final decisions have yet been made. Both banks are working together to create a dividend policy that is in the best interest of all stakeholders
However, the combined entity will have a strong capital position and any dividend policy decisions will be a reflection of its capital strength. For more information, please download the investor FAQs
What happens after the firm intention announcement?
The next step is to seek both banks’ shareholders’ approval on the proposed merger in the upcoming EGM. The timing of the EGM will be subject to the completion and publication of an Offer Document and Shareholder Circulars that are required by the regulators. You will be notified on the process in due course. For more information, please download the investor FAQs
Why are the banks merging?
The proposed merger will unlock considerable synergies and growth potential to maximize value for all stakeholders:It will create a new Saudi banking champion which will be a regional powerhouse in the consolidating Saudi and MENA banking landscape. It will be the number one bank in Saudi Arabia serving approximately 25% of the retail and wholesale banking market with aggregated SAR 837 billion ($223 billion) assets. For more information, please download the investor FAQs
What am I getting as a shareholder?
The proposed merger will unlock considerable synergies and growth potential to maximize value for all stakeholders. Shareholders will benefit from the strategic and financial upsides of the merger as the larger franchise will deliver more opportunity and drive long-term shareholder value. For more information, please download the investor FAQs
Why and when should shareholders vote for the merger?
As a shareholder, you will be invited to vote on the proposed merger at an Extraordinary General Meeting (EGM), following which, if the merger will be agreed by the shareholders of both banks, the two entities’ shares will be combined and the starting date of trading the new entities’ shares will be dependent on obtaining all necessary approvals from the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul). For more information, please download the investor FAQs
What will be the dividend policy going forward?
Discussions are ongoing but no final decisions have yet been made. Both banks are working together to create a dividend policy that is in the best interest of all stakeholders
However, the combined entity will have a strong capital position and any dividend policy decisions will be a reflection of its capital strength. For more information, please download the investor FAQs
What happens after the firm intention announcement?
The next step is to seek both banks’ shareholders’ approval on the proposed merger in the upcoming EGM. The timing of the EGM will be subject to the completion and publication of an Offer Document and Shareholder Circulars that are required by the regulators. You will be notified on the process in due course. For more information, please download the investor FAQs
Why are the banks merging?
The proposed merger will unlock considerable synergies and growth potential to maximize value for all stakeholders:It will create a new Saudi banking champion which will be a regional powerhouse in the consolidating Saudi and MENA banking landscape. It will be the number one bank in Saudi Arabia serving approximately 25% of the retail and wholesale banking market with aggregated SAR 837 billion ($223 billion) assets. For more information, please download the investor FAQs
Frequently asked media questions
If you have a question that has not been answered below, view the full media FAQ document
NCB SAMBA STRONGER
A FINSBURY GLOVER HERING BUILT SITE