HSBC Holdings plc (“HSBC”), via its wholly owned subsidiary, HSBC Holdings B.V.(“HHBV”), has participated in the accelerated book build process launched on 30 November 2020 by NatWest Markets plc and Banco Santander S.A (together “Sellers”). HHBV has as a result purchased shares which will, post completion of the purchase, increase its shareholding in The Saudi British Bank ("SABB") from 29.2% to 31.0% (“Transaction”).
The Transaction further emphasises our long term strategic commitment to both SABB and the Kingdom of Saudi Arabia. HSBC traces its origins in Saudi Arabia back almost 70 years, during which time it has been an active partner supporting the Kingdom’s economic growth and social development.
HSBC Saudi Arabia is acting for HHBV on the Transaction.
-Ends-
Media enquiries to:
Edward Moore
edward.j.moore@hsbc.com
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,923bn at 30 June 2020, HSBC is one of the world’s largest banking and financial services organisations.
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
