24 Hrs
Source:
الاقتصادية
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Al Saud for Investment disposes of Amex Saudi stake
The Saudi Investment Bank announced its withdrawal from American Express Saudi Arabia in a deal valued at 1.4 billion SAR, following the sale of its full 50% stake. The transaction will be completed after obtaining regulatory approvals. The deal is expected to realize gains of approximately 792 million SAR, based on the book value as of November 30, 2025, which was 638 million SAR. The financial impact of the transaction will be reflected in the bank's financial statements upon completion, incorporating the deferred purchase consideration the bank will receive after the sale is finalized.
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