DUBAI, Dec 1 (Reuters) - HSBC HSBA.L , through itssubsidiary HSBC Holdings B.V., has purchased shares in SaudiBritish Bank 1060.SE which will increase its shareholding inthe Saudi lender to 31% from 29.2%, the bank said on Tuesday.

It said the stake increase followed the participation in anaccelerated book build process launched on Nov. 30 by NatWestMarkets and Banco Santander. urn:newsml:reuters.com:*:nL1N2IG13V

(Reporting by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; ReutersMessaging: davide.barbuscia.reuters.com@reuters.net))