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The financial data for Al Salam Bank B.S.C. outlines various categories of Sharia-compliant income, including financing contracts, placements with financial institutions, and different types of Islamic financing such as Murabaha, Mudaraba, and Musharaka. The bank also reports on finance lease assets and credit cards, among other assets. Non-Sharia income, resulting from the acquisition of BMI Bank, AlSalam Seychelles, and Bahraini Saudi Bank, is not included in the income statement but is instead allocated to a charity pool for donation purposes. The balance sheet and income statement are as of December 31, 2024.

Al Salam Bank B.S.C has announced that its Board of Directors has approved the Consolidated Financial Statements for the year ending December 31, 2024. This announcement was made to both the Bahrain Bourse and the Dubai Financial Market. The statement was signed by Ali Yusuf Al Khaja, the Head of Compliance and Money Laundering Reporting Officer.

Al Salam Bank reported a net profit of BD 16.7 million in Q4 2024, marking a 48.7% increase compared to the same period in 2023. This growth was mainly driven by the strong performance of its core banking operations and subsidiaries. However, total comprehensive income for the quarter showed a loss of BD 4.0 million, largely due to changes in the fair value of investments. For the fiscal year 2024, the bank's net profit rose by 39.8% to BD 59.0 million, with earnings per share increasing to 20.7 fils. Total comprehensive income for the year also increased by 33.2%. The bank's total equity grew by 6.8%, enhancing its capital adequacy ratio from 20.4% to 24.8%. Total assets expanded by 37.2% to BD 7.06 billion, driven by organic and inorganic growth. The board recommended a 14% dividend distribution, pending approvals. The bank's leadership highlighted the success of strategic initiatives, including the acquisition of Kuwait Finance House - Bahrain and the launch of ASB Capital. Future plans focus on AI, digital adoption, and expanding market share.

Dubai Insurance Co. has announced that a board resolution was made by circulation on February 6, 2025, to appoint Mr. Mohamed Abdelaziz Alowais as a new board member, pending approval from the Central Bank of the UAE. The announcement was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and was signed by Sahem Abdelhaq, the Head of Legal.

The text is a proxy form for shareholders of the Commercial Bank of Dubai (PSC) to appoint a proxyholder to represent them and vote on their behalf at the Annual General Assembly Meeting scheduled for March 5, 2025. Shareholders need to fill in their details, the proxyholder’s information, and sign the form. The completed form, along with supporting documents, should be uploaded electronically at the specified website. The registrar may contact shareholders to verify the information provided.

Ithmaar Holding B.S.C. announced that the nomination period for its Board of Directors membership for the term 2025 to 2028 will close on Saturday, February 8, 2025, at 4:00 p.m. The election will take place during the Annual General Assembly Meeting on March 24, 2025.