Al Salam Bank B.S.C
About Al Salam Bank B.S.C
Al Salam Bank Profile
Establishing its headquarters in the Kingdom of
Bahrain in 2006, Al Salam Bank has since cemented its reputation as the fastest
growing bank in the Kingdom and a highly influential force in the Islamic
banking industry on a regional level. Leveraging on its robust financial
standing as the industry’s strongest in asset capital, the Bank has a proven
track record in risk mitigation and effectively shifting to market dynamics,
through its agile and aggressive growth strategy.
The Bank has adopted a digital-first mindset to
meet the modern-day needs of its clientele, delivering curated financial
solutions and a seamless, transformative customer experience. Harnessing the
power of data-backed insights and state-of-art technology, Al Salam Bank offers
a comprehensive range of innovative and unique Shari’a-compliant financial
products and services through its extended network of branches and ATMs. In
addition to its diverse range of retail banking services, the Bank also
provides corporate banking, private banking, asset management, international
transaction banking as well as treasury services.
Al Salam Bank’s competitive edge lies in its
unrivalled approach to nurturing client relationships, fuelled by a
deeply-rooted ethos in humanizing the customer journey through personalization,
convenience, and efficiency, creating a refined and rewarding client
experience. The Bank prides itself on its solution-oriented philosophy,
curating tailored solutions with its clients’ financial needs at the epicenter
of everything they do.
With a Bahrainization rate of 92%, Al Salam Bank
considers its people to be its most valued asset. The Bank has prioritized the
wellbeing of its human capital, empowering them with the requisite tools,
training and opportunities to create an inspired workforce dedicated to the
pursuit of excellence. Championing a highly energetic and collaborative work
environment, Al Salam Bank fosters a culture of innovation which celebrates
collective achievements.
Encouraging a socially responsible culture from within to drive positive change, the Bank is committed to supporting the social and financial wellbeing of the community in which it resides. Driven by the shared passion of its people to form deep relationships with clients, the Bank aims to create solutions to help its customers meet their financial goals in a sustainable manner.
Latest Pressrelease Summaries from Al Salam Bank B.S.C
Threads
DFM News
News Update From Al Salam Bank B.S.C
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.
DFM News
News Update From Al Salam Bank B.S.C
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.
DFM News
News Update From Al Salam Bank B.S.C
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.
DFM News
News Update From Al Salam Bank B.S.C
DFM News
News Update From Al Salam Bank B.S.C
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.
DFM News
News Update From Al Salam Bank B.S.C
DFM News
News Update From Al Salam Bank B.S.C
DFM News
News Update From 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, has announced the purchase of 95,000 treasury shares on the Bahrain Bourse and Dubai Financial Market on December 7, 2023. This acquisition increases the bank's total holding of treasury shares from 47,340,601 to 47,435,601, equating to 1.813% of issued share capital. The announcement was made by Ali Yusuf Al Khaja, the Head of Compliance and MLRO of the bank.
DFM News
News Update From Al Salam Bank B.S.C
On December 7, 2023, Al Salam Bank B.S.C. announced that it had purchased 108,500 treasury shares on the Bahrain Bourse and Dubai Financial Market (DFM) on December 6, 2023. This acquisition increased the bank's total holding of treasury shares from 47,232,101 to 47,340,601, representing 1.809% of the issued share capital. The bank is licensed and regulated as an Islamic Retail Bank by the Central Bank of Bahrain.
DFM News
News Update From Al Salam Bank B.S.C
The Board of Directors (BOD) meeting where the decision to purchase was made does not have a specified date. The competent authority approved the purchase on 14th November 2023. The buyback program for treasury shares started on 14th November 2023 and ended on 11th February 2024. The size of the buyback program was 10%. The date of purchase was 5th December 2023. The number of shares purchased was 543,454 at an average purchase price of 0.196 fils. The shares purchased accounted for 1.805% of the issued capital, leaving approximately 214,450,000 shares remaining for purchase. The BOD chairman or his delegate is Ali Yusuf Al Khaja. The company is Al Salam Bank B.S.C. This is a post share buyback announcement.