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

Al Salam Bank B.S.C, an Islamic Retail Bank licensed and regulated by the Central Bank of Bahrain, announced a substantial shareholder transaction involving its shares. The transaction was reported to the Bahrain Bourse and Dubai Financial Market. On January 9, 2025, Muscat Overseas Company LLC increased its direct ownership in Al Salam Bank by purchasing 30,434,107 shares, raising its ownership from 201,276,024 shares (7.33%) to 231,710,131 shares (8.43%). The announcement was made by Ali Yusuf Al Khaja, Head of Compliance and MLRO, and was authenticated with a company seal.

Al Salam Bank has partnered with Y. K. Almoayyed & Sons to offer a special promotion for its clients, valid until October 26, 2025. The offer includes a 10% discount on electronics and household appliances, along with a one-year extended warranty at YKA's showrooms in Manama and Gudaibiya. Clients can also use the Bank's "Buy Now, Pay Later" service for flexible payment options. This initiative is part of the Bank's commitment to enhancing the client experience and complements an ongoing offer with Eskan Bank, which provides competitive rates for home furnishing in specific projects. The collaboration aims to provide valuable deals and convenient payment solutions for clients.

Al Salam Bank in Bahrain hosted students from the American University of Bahrain for a training program aimed at enhancing financial awareness. The initiative focused on converting conventional banking products into Shari’a-compliant solutions. Over 15 students participated in sessions led by senior bank representatives from various departments such as Shari’a Compliance, Legal Affairs, Business Development, and Treasury. The program included a tour of the trading floor to observe daily operations. Ms. Muna Albalooshi, Head of Human Resources and Administration at Al Salam Bank, emphasized the bank's commitment to supporting youth and developing national competencies through partnerships with academic institutions. The initiative highlights Al Salam Bank's role in providing innovative banking solutions and contributing to the growth of Bahrain's banking sector.

Al Salam Bank recently organized a workshop at its headquarters in Manama, Bahrain, to celebrate Bahraini Women’s Day under the theme “Partners in Progress.” The event gathered female leaders, entrepreneurs, and professionals from various sectors to highlight women's contributions to Bahrain's development. The workshop included speeches from the “Qaedat” program, panel discussions on empowering women in the workplace, and interactive sessions to enhance skills and confidence. Participants also had networking opportunities. Mrs. Muna Al Balooshi, Head of Human Resources and Administration, emphasized the bank's commitment to supporting female talent and fostering an inclusive environment. The workshop concluded with a pledge to support gender equality and women's empowerment, with Al Salam Bank reaffirming its dedication to an inclusive and prosperous future for Bahrain.

Al Salam Bank has introduced an exclusive card discount program in collaboration with "Live Life," offering discounts at over 100 local merchants in Bahrain. The program covers various sectors, including dining, entertainment, fitness, and travel, and is designed to enhance the use of the bank's credit, prepaid, and youth debit cards. Cardholders can access these discounts by using their Al Salam Bank cards at participating merchants. The initiative aims to make Al Salam Bank cards the preferred payment option and improve clients' banking experiences. The program also supports clients who have transitioned from "ASB Financing." Clients can find more details on the bank's website or social media platforms.

Al Salam Bank has launched a December Cards Campaign to encourage card use and promote spending both locally and internationally. Running until December 31, 2024, the campaign offers Visa credit and prepaid cardholders the chance to win cash prizes, including a grand prize of BD 3,000 and two prizes of BD 1,000 each. Participants earn draw entries for every BD 30 spent locally and double entries for international transactions. The campaign aims to enhance the client experience by offering rewards and highlighting the benefits of multi-currency prepaid cards, such as competitive exchange rates and no conversion fees. Mohammed Buhijji, Head of Retail Banking, emphasized the bank's commitment to providing innovative solutions and invited former ASP Finance clients to participate by replacing their cards through various channels. For more information, clients can visit the bank's website or contact them via WhatsApp.

Al Salam Bank has introduced an exclusive offer for the Jewellery Arabia 2024 exhibition, allowing clients to win back purchases up to BD 5,000 and daily cash prizes. The campaign, running from November 26 to 30, 2024, offers cash prizes based on spending levels using Al Salam Bank's credit or prepaid cards. Clients spending between BD 200 and BD 5,000 can win varying prizes, with higher spending increasing the chance of winning up to BD 5,000. Additionally, the first 10 clients daily can win BD 100 by visiting the bank's booth and showing receipts for purchases of at least BD 200. Cardholders will also benefit from exclusive offers, a temporary credit limit increase, a "Buy Now, Pay Later" feature, and a dedicated entry line at the event. Mr. Mohammed Buhijji, Head of Retail Banking, emphasized the bank's aim to enhance client experience through this campaign. More details are available on Al Salam Bank's website or via WhatsApp.