KARACHI: Saudi National Bank (SNB), the majority shareholder of Samba Bank Limited (SBL), has terminated the process to sell its equity stake in Samba Pakistan.
The decision follows the completion of due diligence and exploration efforts related to the potential sale.
“We have been notified that after completion of due diligence and an exploration for the sale of its shares in Samba Bank Limited (Samba Pakistan), the Saudi National Bank (SNB), as the majority shareholder of the Samba Pakistan are terminating the process for the sale of SNB’s equity stake in Samba Pakistan”, material information sent to Pakistan Stock Exchange on Tuesday said.
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