• Saudi pension fund raises stake in Samba


    Sept 13, 2009
    The Public Pension Agency (PPA), Saudi Arabia's second-largest pension fund, bought on Saturday a 2.2 percent stake in Samba Financial Group, stock exchange data showed on Sunday.
    PPA now holds 12.4 percent of Samba, the country's second-largest lender by market capitalisation. The seller was not immediately known.
    The stake of Maan al-Sanea, the chairman of troubled Saad Group , did not change and remains at 7.8 percent, according to the data, reports Reuters.

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