The National Commercial Bank (SASE:1180) (NCB) is set to pick JPMorgan Chase & Co. (NYSE:JPM) to advise on its merger talks with Riyad Bank (SASE:1010), several sources familiar with the matter said. NCB was not immediately available to comment, while JPMorgan declined to comment.

Reuters reported on January 14, 2019 that Riyad Bank has chosen The Goldman Sachs Group, Inc. (NYSE:GS) for an advisory role. JPMorgan's selection is subject to ratification by NCB's board, the sources said.