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

The Board of Directors (BOD) meeting where the purchase decision was taken does not have a specified date. The competent authority approved the purchase on 14th November 2023. The buyback program of treasury shares started on 14th November 2023 and ended on 11th February 2024. The size of the buyback program was 10% of treasury shares. The purchase took place on 19th December 2023, where 440,804 shares were bought at an average price of 0.196 fils. The purchased shares represented 1.864% of the issued capital. Approximately 212,930,000 shares remain for purchase. The company's chairman or his delegate is Ali Yusuf Al Khaja. The company is Al Salam Bank B.S.C.

On 18th December 2023, Al Salam Bank B.S.C. announced the purchase of 5,000 treasury shares on the Dubai Financial Market. This acquisition increased the total holding of treasury shares from 48,327,497 to 48,332,497, which represents 1.847% of the issued share capital. The announcement was made to the shareholders and the markets via the Bahrain Bourse and Dubai Financial Market. The bank is licensed and regulated as an Islamic Retail Bank by the Central Bank of Bahrain.

On 14 December 2023, Al Salam Bank B.S.C announced that it has purchased 166,855 treasury shares on the Bahrain Bourse. This acquisition increases the bank's total holding of treasury shares from 48,160,652 to 48,327,507, which represents 1.847% of the issued share capital. The bank is licensed and regulated as an Islamic Retail Bank by the Central Bank of Bahrain and is headquartered in Manama, Bahrain.

Al Salam Bank has successfully concluded its 'Qaedat Al Salam' Women Leadership program in a ceremony attended by over 150 female employees, the Bank's executives, and other prominent figures. The program aimed to empower female employees through training, workshops, and projects focused on self-awareness and professional development. The initiative aligns with the goals of the Supreme Council for Women to empower Bahraini women and supports the Bank's commitment to becoming the largest Islamic bank in Bahrain. The program reported a 96% satisfaction rate and identified several participants ready to advance in their career.

Al Salam Bank B.S.C., licensed and regulated as an Islamic Retail Bank by the Central Bank of Bahrain, announced on 13th December 2023 that it purchased 110,000 treasury shares from the Dubai Financial Market. This purchase increased the total holding of treasury shares from 48,050,652 to 48,160,652, representing 1.840% of the issued share capital. The announcement was made by Ali Yusuf Al Khaja, the Head of Compliance and MLRO of the bank.

Al Salam Bank B.S.C. has informed its shareholders and the markets that it purchased 513,850 treasury shares on the Bahrain Bourse and Dubai Financial Market (DFM) on 12th December 2023. This purchase increased the total holding of treasury shares from 47,536,802 to 48,050,652, which is 1.836% of the issued share capital. The announcement was made by Ali Yusuf Al Khaja, the Head of Compliance and MLRO of the bank.

On December 11, 2023, Al Salam Bank B.S.C. announced that it had purchased 100,201 treasury shares on the Bahrain Bourse. This increased the bank's total holding of treasury shares from 47,436,601 to 47,536,802, which represents 1.817% of the issued share capital. The announcement was made to shareholders and the markets, including the Bahrain Bourse and the Dubai Financial Market.