Riyadh – Mubasher: The Saudi British Bank (SABB) intends to exit Wataniya Insurance Company to best serve the interest of the bank’s shareholders, according to a bourse filing on Wednesday.
The bank is still considering the exit option as part of its strategic plans. It confirmed that this announcement does not guarantee that the transaction will be completed.
It is worth noting that SABB owns 20% equity in the insurance company.
