SAUDI ARABIA: Fitch has affirmed Saudi British Bank (SABB)’s long-term issuer default rating of ‘BBB+’ with a negative outlook, as well as a viability rating of ‘bbb+’, a statement read. The agency has also removed the bank from Rating Watch Negativ
SAUDI ARABIA: The boards of directors of Saudi British Bank (SABB) and Alawwal Bank, which offer Islamic solutions, have unanimously recommended a merger of the two banks to their shareholders, creating a franchise that will support more opportunities fo