{"id":6288,"date":"2025-12-05T13:17:17","date_gmt":"2025-12-05T08:17:17","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=6288"},"modified":"2025-12-05T13:17:17","modified_gmt":"2025-12-05T08:17:17","slug":"saudi-firm-najd-gateway-makes-offer-to-acquire-100-stake-in-samba-bank-pakistan","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=6288","title":{"rendered":"Saudi firm Najd Gateway makes offer to acquire 100% stake in Samba Bank Pakistan"},"content":{"rendered":"

The Saudi National Bank (SNB), the majority shareholder of Samba Bank Limited<\/a>, has received an offer from Najd Gateway Holding Company to acquire SNB\u2019s entire shareholding in Samba Bank Pakistan, representing approximately 84.51% of the bank\u2019s issued shares.<\/p>\n

Samba disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday.<\/p>\n

\u201cThe Saudi National Bank (SNB), as the majority shareholder of Samba Bank Limited, has notified that they have received a non-binding offer from Najd Gateway Holding Company relating to the proposed divestment of SNB\u2019s 100% stake in Samba Bank Limited (Samba Pakistan), representing approximately 84.51% shares in Samba Pakistan,\u201d read the notice.<\/p>\n

However, SNB has clarified that any decision relating to the potential transaction or process relating thereto, including access to information for purposes of diligence, shall be subject to internal and regulatory approvals and execution of definitive agreements.<\/p>\n

Najd Gateway Holding Company is a Saudi investment group, led by Chairman Prince Mansour Bin Mohammad Al Saud, actively investing in Pakistan\u2019s key sectors, particularly agriculture and technology.<\/p>\n

In October 2024, Najd Gateway inked a Memorandum of Understanding (MOU) with Brillanz Group, a Pakistani-based technology group, to expand technology solutions in Saudi Arabia and drive investment in sustainable energy and IT in Pakistan.<\/p>\n

Last year in November, Bank Alfalah Limited (BAFL), one of Pakistan\u2019s largest commercial banks,\u00a0withdrew its public announcement of intention (PAI)\u00a0to acquire a majority stake in Samba Bank Limited.<\/p>\n

The development came after SNB decided to\u00a0terminate plans\u00a0to divest its stake in Samba Pakistan.<\/p>\n

Back in 2021, Samba Bank had received firm intention from a consortium comprising participating members of the management of Samba Bank Limited, Fatima Fertilizer Company Limited, and Gulf Islamic Investment LLC to acquire control of 84.51% of the paid-up capital of the bank.<\/p>\n

However, that deal did not pan out.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Saudi National Bank (SNB), the majority shareholder of Samba Bank Limited, has received an offer from Najd Gateway Holding Company to acquire SNB’s entire shareholding in Samba Bank Pakistan, representing approximately 84.51% of the bank’s issued shares. Samba disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “The Saudi […]<\/p>\n","protected":false},"author":1,"featured_media":6289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1299],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t