Press releases, Reports & Disclosures for Al Salam Bank B.S.C

The text is a proxy form for shareholders of Al Salam Bank B.S.C., allowing them to authorize another person to attend and vote on their behalf at the Bank's Extraordinary General Meeting on November 27, 2025. If a quorum is not present, the meeting will be rescheduled for December 4, 2025, and December 11, 2025, if necessary. The agenda includes ratifying previous meeting minutes, approving amendments to the Bank's Articles of Association to include new business activities and board membership qualifications, and authorizing specific individuals to handle formalities related to these changes. Shareholders can attend in person or via a proxy, who cannot be a director or employee of the Bank unless they are a first-degree relative. Proxy forms must be submitted 24 hours before the meeting. Additional information and documents are available on the Bank's website and the Bahrain Bourse website.

Al Salam Bank B.S.C invites its shareholders to an Extraordinary General Meeting on November 27, 2025, at the Ritz Carlton Hotel in Bahrain. If a quorum is not met, subsequent meetings are scheduled for December 4 and December 11, 2025. The agenda includes ratifying previous meeting minutes, approving amendments to the Articles of Association to include new business activities like e-market operations and online retail, and setting qualifications for board membership. These changes require approval from the Central Bank of Bahrain and the Ministry of Industry and Commerce. The meeting will also authorize certain individuals to execute necessary formalities and address any other arising matters. Shareholders registered on the meeting date can attend or appoint a proxy, with proxy forms available on the bank's website and to be submitted 24 hours before the meeting. Institutional shareholders must provide a signed and sealed proxy form. Draft amendments are available online, and inquiries can be directed to the Investor Relations Department.

Al Salam Bank and Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, have formed a strategic partnership to offer Shari’a-compliant property financing for units in the Tivoli Residences at Bilaj Al Jazayer, a premier waterfront development in Bahrain. The bank will provide flexible and tailored financing options, including up to six months grace period, competitive profit rates, loyalty reward points, instant approval, and a seamless application process. The partnership aims to facilitate homeownership and offer a luxurious beachfront lifestyle. Tivoli Residences features a range of residential units with high-end amenities such as a rooftop infinity pool, fitness center, and 24-hour security.

Al Salam Bank has launched "ASB Pay Business," a Shari’a-compliant digital POS platform in Bahrain, designed to serve a range of businesses from large corporations to MSMEs and freelancers. The platform provides a comprehensive digital payment solution, allowing merchants to accept payments via smartphones without traditional POS devices. It includes features like digital invoicing, payment links, direct bank integration, and real-time transaction tracking. ASB Pay Business aims to support underserved merchant segments, offering a mobile-first solution that integrates with accounting and e-commerce systems. The platform emphasizes fast onboarding and secure transactions, with same-day settlement for merchants with Al Salam accounts. This initiative aligns with the bank's goal to lead digital transformation in finance and support the MSME sector, enhancing business efficiency and growth.

Al Salam Bank has announced its Platinum Sponsorship of the annual reception hosted by the Bahrain Association of Banks (BAB) in Washington, D.C., scheduled for October 16, 2025. This event coincides with the annual meetings of the International Monetary Fund and the World Bank and is expected to attract significant participation from Bahraini banks and senior delegations from both public and private financial institutions. Rafik Nayed, Group CEO of Al Salam Bank, highlighted the bank's focus on promoting Bahrain's role in global financial dialogues and its contributions to the stability and growth of the financial sector. He praised the event as a tradition that strengthens Bahrain's economic ties with international partners. The Bahrain Association of Banks commended Al Salam Bank for its support, noting that it enhances the event's outcomes and provides growth opportunities for Bahrain’s banking sector. The reception is seen as a chance to showcase Bahrain's financial system's strength and resilience, reinforcing its position as a preferred destination for international investment and partnerships.

Al Salam Bank has launched a new financing campaign in response to client demands, running until December 31, 2025. Eligible clients will be automatically entered into monthly draws over three months, with the October prize offering the chance to have outstanding finance settled, subject to terms and conditions. The campaign targets clients with Personal, Auto, or Property Finance, including those in Social Housing programs, who meet specific criteria such as maintaining an active credit card and a minimum balance in a Danat or Danat Plus account. The initiative aims to reward client loyalty and encourage new clients by offering innovative incentives and promoting financial stability. For more details, clients can visit the bank's website or contact them through various channels.

Al Salam Bank B.S.C has announced that its Board of Directors will hold a meeting on Wednesday, 17th September 2025, at 10:00 am to discuss regular and periodic updates. The announcement was addressed to the Bahrain Bourse and the Dubai Financial Market. The notice was signed by Ali Yusuf Al Khaja, Head of Compliance and MLRO.

Al Salam Bank has partnered with Al Haddad Motors, the official distributor of Mercedes-Benz in Bahrain, to offer a comprehensive auto finance package for Mercedes-Benz vehicles. The offer, available until December 31, 2025, includes a special car price, a five-year service package, one-year registration fees, a five-year warranty, and optional five-year comprehensive Takaful insurance, with monthly installments starting from BHD 274. This initiative aims to simplify car ownership by integrating all related expenses into a single financing plan. Both Al Salam Bank and Al Haddad Motors expressed their satisfaction with the partnership, highlighting its potential to facilitate the car ownership process and enhance customer experience. For more details, customers can contact Al Salam Bank's Relationship Managers or visit the bank's website.