

Al Salam Bank has entered a strategic partnership with the Ministry of Housing and Urban Planning and Eskan Bank to join the Tumooh Program, which was launched at Cityscape Bahrain 2025. The program aims to assist citizens in purchasing their first homes and securing additional financing as their housing needs change. Al Salam Bank is offering exclusive benefits for clients who use the Tas’heel programs to buy apartments under Tumooh, through the Al Salam Life Planning Account. This account allows clients to save with competitive profit rates and includes free Takaful insurance, helping them achieve homeownership with financial stability. The initiative is part of a national effort to enhance residential stability for Bahraini families. Key figures, including the Minister of Housing and Urban Planning, Eskan Bank's General Manager, and Al Salam Bank's Deputy Group CEO, expressed their support and highlighted the program's role in improving Bahrain's housing finance system and fostering public-private collaboration.
Al Salam Bank in Bahrain has announced that it will double the number of winners in its December prize draw to 100, up from 50 in November. This initiative is part of the bank's ongoing financing rewards campaign, which aims to recognize client commitment and enhance engagement with the bank's services. Winners will have their financing installments paid for three months, subject to the campaign's terms and conditions. The campaign targets clients with personal, auto, or property financing, including those in social housing programs, who meet certain eligibility criteria. This effort is part of a series of monthly prizes offered by the bank to provide meaningful rewards and ease financial burdens for clients. The campaign began with four winners in its first month and expanded to 50 in the second month. The bank's Chief Retail Banking Officer, Mr. Mohammed Buhijji, emphasized the bank's commitment to supporting clients and addressing their financial needs through tangible rewards.
Al Salam Bank held an Extraordinary General Meeting where shareholders approved key governance and strategic resolutions. These included amendments to the Bank's Articles of Association to allow expansion into new activities, such as e-marketplaces and e-commerce platforms, subject to regulatory approval. Shareholders also approved new criteria for Board membership, requiring nominees to have a relevant degree and significant experience in financial services. Additionally, shareholders authorized the Bank to begin market making and liquidity providing activities to enhance share liquidity. The meeting also addressed Al Salam Bank's stake in Bank of Bahrain and Kuwait amidst merger developments, endorsing the merger in principle and directing the Board to evaluate the Bank's position and propose future actions.
Al Salam Bank B.S.C held an Extraordinary General Meeting (EGM) on November 27, 2025, with a 75.09% quorum at Al Sarra Ballroom, Royal Saray Hotel, Bahrain. The meeting approved several agenda items: ratification of previous EGM minutes from March 19, 2025; amendments to the bank's Articles of Association to include new activities such as e-marketplace operations, internet retail sales, and promotion of investment products, subject to Central Bank of Bahrain approval; changes to board membership qualifications requiring relevant academic qualifications and experience; and amendments to the Memorandum and Articles of Association to reflect these resolutions, pending approval from the Central Bank of Bahrain and the Ministry of Industry and Commerce. The Chairman, CEO Rafik Nayed, or a Keypoint representative is authorized to complete the necessary formalities.
ONE App, developed by Al Salam Bank, received the "Best Project for Digital Transformation" award at the 2025 eGovernment Excellence Awards in Bahrain. The app has been recognized for its role in advancing digital transformation in Bahrain's financial sector. Since its launch, ONE App has established itself as a comprehensive digital banking platform, integrating banking services, financial planning, investments, and lifestyle features into one interface. It uses artificial intelligence and cloud computing, along with over 400 APIs and open banking technologies, to provide a personalized financial experience. Within five months of its release, the app achieved over 50,000 downloads and processed more than 100,000 digital financing applications. Haitham Al Haddad, General Manager of ONE App, highlighted the app's role in redefining financial services and expressed pride in the award, attributing it to the team's efforts. The award also highlights Al Salam Bank's leadership in financial innovation and its commitment to sustainable digital transformation.
Customs Affairs and Al Salam Bank have announced a digital integration between the "Ma’arid" platform and "ASB Pay Business" to be launched at Jewellery Arabia 2025 in Bahrain. This collaboration aims to streamline commercial transactions for exhibitors, particularly those from outside Bahrain, by allowing them to complete sales and comply with customs procedures using a single digital device. The integration is part of efforts to support the national economy and enhance the business environment. The "Ma’arid" platform, developed by Customs Affairs, is the first global system of its kind for managing exhibitions, and its integration with ASB Pay Business creates a comprehensive digital cycle for exhibitors. Officials from Customs Affairs, Al Salam Bank, Arab Financial Services, and Informa Markets highlighted the significance of this initiative in enhancing efficiency, transparency, and the overall exhibition experience, contributing to Bahrain's digital transformation and economic vision.
Al Salam Bank has introduced a "Weekend Offer on talabat," providing cardholders with up to a 30% discount (capped at BD 3) on talabat orders every weekend from 20 November 2025 to 10 January 2026. The offer applies to orders of BD 3 or more, with one redemption per account holder each weekend from Thursday to Saturday. This initiative, in partnership with talabat, is the first of its kind in Bahrain and aims to enhance customer value and convenience. Mohammed Buhijji of Al Salam Bank and Moaiad Aqel of talabat Bahrain expressed their enthusiasm for the collaboration, emphasizing their commitment to delivering valuable experiences. The offer is part of Al Salam Bank's strategy to enhance cardholder engagement and loyalty through unique promotions. Clients can enjoy discounts and earn points through the Bank's Rewards Program by using their Al Salam Bank Visa cards. For more information, visit the Bank's website or contact them via WhatsApp.
Al Salam Bank B.S.C invites its shareholders to an Extraordinary General Meeting on November 27, 2025, at 11:00 a.m. at Al Sarra Ballroom, Royal Saray Hotel, Seef District, Bahrain. If a quorum is not present, subsequent meetings are scheduled for December 4 and December 11, 2025, at the same venue and time. The agenda includes ratifying previous meeting minutes, approving amendments to the Bank's Articles of Association to add new activities and board membership provisions, and authorizing necessary formalities for these changes, subject to approval from the Central Bank of Bahrain and the Ministry of Industry and Commerce. Shareholders registered on the meeting date may attend or appoint a proxy, with forms available on the Bank's and Bahrain Bourse's websites. Proxy submissions are due 24 hours before the meeting. Institutional shareholders must submit a signed and stamped proxy form. For inquiries, contact the Investor Relations Department.
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.