The offices of Saudi British Bank (SABB) in Riyadh. HSBC’s 32.5% shareholding in SABB Takaful is to be bought at 10.66 riyals by SABB, the bank said in statement to Saudi stock exchange last week. Completion of the transaction is expected this year; and to be reflected in 2017 financial statements, subject to regulatory approvals, the bank said.

Related Story