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BofA - National Commercial Bank: Creating Saudi's National Champion of Banking
 

October 12, 2020:  Refer to important disclosures at the end of these reports (see links below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an analyst, your request must be directed to Research Communications & Media Relations.

EMEA Equity Research Daily Highlights

Global Steel: Greener Steel: Molten Oxide Electrolysis = Green steel without hydrogen?

Samba Financial Group: Creating Saudi’s National Champion of Banking

National Commercial Bank: Creating Saudi’s National Champion of Banking

 

 

EMEA Equity Research Daily Highlights


  Global Steel: Greener Steel: Molten Oxide Electrolysis = Green steel without hydrogen?

 

•  We recently spoke with metals technology startup, Boston Metal (closely held, not covered).
•  The company is commercializing 'Molten Oxide Electrolysis' (MOE). If successful, important implications for Greener Steel.
•  MOE could allow direct processing of metal oxides (e.g. iron ore) into high purity metals without reductants. Interesting!
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  Samba Financial Group: Creating Saudi’s National Champion of Banking

 

•  NCB and Samba announce they have signed a binding, all share, merger agreement. Deal still subject to regulatory approvals
•  Samba's attractive valuation and ability to create significant value post the proposed deal underpin our positive view. Buy
•  Deal set to create a national champion, the most competitively advantaged bank in the KSA. Double digit EPS accretion by 2023
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  National Commercial Bank: Creating Saudi’s National Champion of Banking

 

•  NCB and Samba announce they have signed a binding, all share, merger agreement. Deal still subject to regulatory approvals
•  Deal set to create a national champion, the most competitively advantaged bank in the KSA. Double digit EPS accretion by 2023
•  NCB and Samba's attractive valuations and ability to create significant value underpin our positive view on both names.


Posted by : Dubai PR Network Editorial Team
Viewed 4038 times
PR Category : Banking & Investments
Posted on : Monday, October 12, 2020  3:59:00 PM UAE local time (GMT+4)
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