The National Commercial Bank (SASE:1180) (NCB) is in preliminary talks to merge with Riyad Bank (SASE:1010). A move that could create a financial institution worth $182 billion in assets. The talks are at an initial stage and may not result in a merger, NCB said in a statement to the Saudi Stock Exchange.

Both banks do not expect “forced dismissal” of employees if the deal is finalized and approved by the regulator, they said, adding that shareholders will be informed regarding further developments.