{"id":628941,"date":"2018-05-17T04:11:41","date_gmt":"2018-05-17T04:11:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/"},"modified":"2018-05-17T04:11:41","modified_gmt":"2018-05-17T04:11:41","slug":"usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/","title":{"rendered":"USD 5 bn merger to create Saudi Arabia\u2019s third-largest lender"},"content":{"rendered":"<p><strong>USD 5 bn merger to create Saudi Arabia\u2019s third-largest lender: <\/strong>HSBC-owned Saudi British Bank (SABB) is acquiring Alawwal Bank in a USD 5 bn transaction that will create the kingdom\u2019s third-largest lender. It\u2019s the first bank merger in KSA since 1999; Alawwal is 40%-owned by a consortium led by the Royal Bank of Scotland, while SABB is 40%-owned by HSBC. <a href=\"https:\/\/www.reuters.com\/article\/us-alawwal-bank-m-a-sabb\/sabb-and-alawwal-agree-5-billion-merger-to-create-saudis-third-largest-bank-idUSKCN1IH0NQ\">Reuters<\/a> and the <a href=\"https:\/\/www.ft.com\/content\/169c5248-58e8-11e8-bdb7-f6677d2e1ce8\">Financial Times<\/a> have coverage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD 5 bn merger to create Saudi Arabia\u2019s third-largest lender: HSBC-owned Saudi British Bank (SABB) is acquiring Alawwal Bank in a USD 5 bn transaction that will create the kingdom\u2019s third-largest lender. It\u2019s the first bank merger in KSA since 1999; Alawwal is 40%-owned by a consortium led by the Royal Bank of Scotland, while [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628941","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e5330374-d27b-466f-87ed-30ea28d79cf1","order":"0","is_powered_by":true,"section_story_id":"fe8ff40c-03e7-4a5d-8417-c5fcf78806f4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628925],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>USD 5 bn merger to create Saudi Arabia\u2019s third-largest lender - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"USD 5 bn merger to create Saudi Arabia\u2019s third-largest lender\" \/>\n<meta property=\"og:description\" content=\"USD 5 bn merger to create Saudi Arabia\u2019s third-largest lender: HSBC-owned Saudi British Bank (SABB) is acquiring Alawwal Bank in a USD 5 bn transaction that will create the kingdom\u2019s third-largest lender. It\u2019s the first bank merger in KSA since 1999; Alawwal is 40%-owned by a consortium led by the Royal Bank of Scotland, while [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-17T04:11:41+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"USD 5 bn merger to create Saudi Arabia\u2019s third-largest lender\",\"datePublished\":\"2018-05-17T04:11:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/\"},\"wordCount\":77,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/usd-5-bn-merger-to-create-saudi-arabias-third-largest-lender\/\",\"name\":\"USD 5 bn merger to create Saudi Arabia\u2019s third-largest lender - 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