📈 M&A / Ownership · AHL Arif Habib Limited has announced an extension in the timeline for the Public Announcement of Offer to acquire 84.51% shares and control of Samba Bank Limited by Najd Gateway Holding Company.
- Najd Gateway Holding Company is the acquirer in this transaction.
- The target company is Samba Bank Limited, with the acquirer aiming to acquire 852,040,531 ordinary shares.
- The acquisition represents 84.51% of Samba Bank's total issued and paid-up capital.
- The initial deadline for the Public Announcement of Offer (PAO) was set for August 19, 2026, but has now been extended by 90 days to November 17, 2026.
- Ongoing negotiations between the parties have prompted this extension, indicating that discussions are still active.
- The extension may reflect a cautious approach from the acquirer, which could lead to uncertainty among shareholders of Samba Bank.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)