Tuesday 1 December 2020

HSBC increases stake in #Saudi British Bank to 31% - statement | Reuters

HSBC increases stake in Saudi British Bank to 31% - statement | Reuters

HSBC, through its subsidiary HSBC Holdings B.V., has purchased shares in Saudi British Bank which will increase its shareholding in the Saudi lender to 31% from 29.2%, the bank said on Tuesday.

It said the stake increase followed the participation in an accelerated book build process launched on Nov. 30 by NatWest Markets and Banco Santander.

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