On October 5, 2023, Al Salam Bank B.S.C announced that it has purchased 53,680 treasury shares from the Bahrain Bourse. This acquisition increased the bank's total holding of treasury shares from 36,921,320 to 36,975,000, which represents 1.413% of the issued share capital. The bank is licensed and regulated as an Islamic Retail Bank by the Central Bank of Bahrain.
Al Salam Bank B.S.C announced on 4th October 2023, that it has purchased 196,320 treasury shares on the Bahrain Bourse. This purchase has increased the total holding of treasury shares from 36,725,000 to 36,921,320, which represents 1.411% of the issued share capital. The information was communicated by Ali Yusuf Al Khaja, the Head of Compliance and MLRO.
Al Salam Bank has introduced a video call feature on its digital self-service kiosk, a platform that provides round-the-clock digital services including account opening, issuing debit and prepaid cards, updating personal information, and more. The new feature allows clients to request direct assistance from a bank representative via video during official working hours. The move is part of the bank's digital-first strategy and its efforts to enhance its clients' banking experience. The service was launched during the bank's migration process to facilitate a smooth transition for Ithmaar Bank's retail banking clients to Al Salam Bank.