Al Salam Bank B.S.C

Al Salam Bank has launched an e-signature service in partnership with DocuSign to allow customers to complete banking transactions virtually. The service is part of the bank's sustainability efforts and commitment to digital innovation. The e-signature feature aims to provide a faster, seamless customer experience and reduce paper waste. The new service will also connect approving authorities, generate automatic reminders and track clients' statuses securely. The bank's Head of Retail Banking, Mr. Mohammed Buhijji, stated that the service is designed to improve the banking experience for their diverse client base.

Al Salam Bank has launched an exclusive campaign for visitors to the Autumn Fair 2023, which it is officially sponsoring as part of its partnership with Informa Markets. The campaign allows visitors to open a new account and issue a card instantly at the bank's booth, with exclusive offers available. The bank is also offering cash prizes for purchases made using its credit, debit or prepaid cards. Ten customers have the chance to win 100% cashback (capped at 100 BD) for every BD 20 spent at the exhibition. The bank will provide on-site banking solutions and has partnered with Arab Financial Services to offer digital platforms reducing the use of cash. The strategic partnership with Informa Markets includes sponsorship of the Autumn Fair 2023, Jewellery Arabia 2024, and Scent Arabia 2024.

The board of directors (BOD) meeting, in which the purchase decision was made, did not specify a date. The approval date by the competent authority for the purchase was on 14th November 2023. The buyback program (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 date was on 21st December 2023, with 459,671 shares purchased at an average price of 0.197 fils. The purchased shares represent 1.902% of the issued capital. The remaining shares for purchase are approximately 211,930,000. The chairman of the board or his delegate is Ali Yusuf Al Khaja. The company involved is Al Salam Bank B.S.C.

Al Salam Bank B.S.C, based in Manama, Bahrain, has announced that its Board of Directors will approve the financial results for the period ending on 31st December 2023. The meeting is scheduled to take place on 12th February 2024 at 10:00 am. The bank is licensed and regulated as an Islamic Retail Bank by the Central Bank of Bahrain.

The Board of Directors (BOD) of Al Salam Bank B.S.C., chaired by Ali Yusuf Al Khaja, approved a share buyback program for treasury shares, which started on 14th November 2023 and ended on 11th February 2024. The program size was 10% of the treasury shares. The purchase was made on 20th December 2023, with 538,773 shares bought at an average price of 0.197 fils per share. This purchase represents 1.884% of the issued capital. Approximately 212,400,000 shares remain available for purchase.

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.