RSS
HSBC Holdings, Europe’s biggest bank, will merge its Saudi Arabian wholesale and investment banking business with Saudi British Bank’s SABB Securities, it said on Monday.
SABB would own 51 percent of the new entity, to be known as HSBC Saudi Arabia, but HSBC would retain full management control, HSBC said in a statement posted on the Hong Kong stock exchange………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Market Moves more
HSBC Saudi Arabia to merge with SABB Securities
| Posted on 28 June 2011 |
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