3 Hrs
Source:
الاقتصادية
Al Saud for Investment exits Amex Saudi
The Saudi Investment Bank announced its exit from American Express Saudi Arabia through a deal valued at 1.4 billion riyals, following the sale of its 50% stake in the company's capital. The transaction will be completed after obtaining regulatory approvals, and it is expected to generate a profit of approximately 792.41 million riyals, based on the book value at the end of November 2025. The financial impact of the deal will be reflected in the bank's financial statements after its completion, with an increase related to the deferred purchase consideration resulting from the share of earnings received.
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