The Saudi British Bank (SABB) recorded an accounting loss for the first half of 2020 following an impairment in goodwill totaling SR7.41 billion ($1.97 billion). This impairment is a one-time, noncash accounting charge which has not resulted from the bank’s operations. It does not affect SABB’s capital, liquidity, or funding, nor the strategic strengths and competitive advantages of the bank. It is primarily a result of accounting for the merger ...