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BRIEF-Saudi's Alawwal Bank to commence discussions on merger with Saudi British Bank
April 25, 2017 / 2:31 PM / 4 months ago

BRIEF-Saudi's Alawwal Bank to commence discussions on merger with Saudi British Bank

April 25 (Reuters) - Alawwal Bank

* Announces board resolution to commence discussions on merger with Saudi British Bank

* Entering in such discussions does not necessarily mean that the merger will take place between the two parties

* Proposed merger will still be subject to formal regulatory approvals prior to the completion

* Bank does not expect that the proposed merger will, if completed, result in any involuntary layoff of employees Source: (bit.ly/2oGwtM7) Further company coverage: )

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