Saudi bank merger outlook to be clear by end-Q1 -central bank chief:
"The outlook for a proposed merger of Saudi British Bank (SABB) and Alawwal Bank will become clear by the end of the first quarter of 2018, Saudi central bank governor, Ahmed al-Kholifey, told Al Arabiya television on Thursday. SABB, 40 percent owned by HSBC Holdings, and Alawwal, 40 percent owned by Royal Bank of Scotland, said in April that they had agreed to start merger talks, but progress has been slow. Kholifey had told Al Arabiya in October the outlook for the merger would be clear by the end of 2017, but on Thursday, he said the banks needed more time to finalise their discussions."
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