The Saudi British Bank announces the signing of an agreement to sell its entire stake in Wataniya Insurance Company

The Saudi British Bank announces the signing of an agreement to sell its entire stake in Wataniya Insurance Company

With reference to the announcement made by the Saudi British Bank (the “Bank”) on the website of the Saudi Exchange (Tadawul) on 04/12/1442H (corresponding to 14 July 2021G), pursuant to which the Bank announced its strategic direction regarding its ownership in Wataniya Insurance Company (the “Company”) and its plans to exit therefrom, the Bank announces the signing of a share sale and purchase agreement on 22 December 2021 with Private Wealth Investment Holding Company (the “Buyer”).