You are here: Home » Reuters » News
Business Standard

Saudi's Riyad Bank selects Goldman to advise on merger talks with NCB: sources

Reuters  |  DUBAI 

(Reuters) - Saudi Arabia's Riyad has picked to advise on its merger talks with National Commercial Bank, two sources familiar with the matter said.

NCB, the kingdom's biggest lender by assets, and Riyad have begun preliminary merger discussions, the two banks said in December in a deal that could potentially create a combined holding $183 billion in assets.

did not immediately respond to a request for comment. declined to comment.

(Reporting by Hadeel Al Sayegh; additonal reporting by Tom Arnold; Writing by Saeed Azhar; editing by Louise Heavens)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 14 2019. 16:34 IST