Announcement from The Saudi Stock Exchange (Tadawul) Regarding the Trading Suspension on Samba Financial Group Shares
Thursday, April 01, 2021 at 8:51 AM
Thu Apr 1, 2021 08:51
In reference to Samba Financial Group announcement on the Saudi Stock Exchange (Tadawul) website on 17/07/1442H corresponding to 01/03/2021G regarding the Company's EGM approval of the offer submitted by National Commercial Bank to merge Samba Financial Group with National Commercial Bank through securities exchange offer, and in reference to Samba Financial Group announcement of the effective date of the merger starting from 19/08/1442H corresponding to 01/04/2021G.
The Saudi Stock Exchange (Tadawul) announces the trading suspension on Samba Financial Group shares in the Saudi Stock Exchange starting today Thursday 19/08/1442H corresponding to 01/04/2021G to commence delisting procedures of Samba Financial Group shares. Furthermore, the Securities Depository Center (Edaa) will announce the implementation of the increase in the quantity of National Commercial Bank shares and the deposit of the new shares in the Center’s Accounts of all eligible Samba Financial Group shareholders after two business days from the effective date of the merger and up to 6 business days as per The Exchange and Center Procedures.