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
The Board of Directors (BOD) meeting to decide on the purchase does not have a specified date. The competent authority approved the purchase on 15th August 2023. The buyback program for treasury shares started on the same day and ended on 12th November 2023. The size of the buyback program was 10%. The purchase took place on 22nd October 2023. The number of shares purchased was 419,223 at an average price of 0.182 fils. This accounts for 1.556% of the issued capital. Approximately 221,000,000 shares remain for purchase. The company 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.
DFM News
News Update From Al Salam Bank B.S.C
Al Salam Bank B.S.C., based in Manama, Bahrain, announced that it has purchased 319,408 treasury shares on the Bahrain Bourse and Dubai Financial Market on October 19, 2023. This purchase has increased the bank's total holding of treasury shares from 39,971,542 to 40,290,950, which represents 1.540% of the bank's 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
Al Salam Bank has partnered with ERA Real Estate for the Khudur Homes project in Diyar Al Muharraq, Bahrain. As per the Memorandum of Understanding (MoU), the bank will provide exclusive financing offers for purchasing Khudur Home Villas, with no administrative costs or downpayments, and free property insurance. The bank aims to facilitate easy access to homes for its clients. The housing units are available on a freehold basis at prices starting from BD 120,000.
DFM News
News Update From Al Salam Bank B.S.C
On October 18, 2023, Al Salam Bank B.S.C announced the purchase of 282,000 treasury shares on the Bahrain Bourse and Dubai Financial Market. This purchase has increased the total holding of treasury shares from 39,689,542 to 39,971,542, which represents 1.527% 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's mobile app has been recognized with two awards: "Best Mobile Banking Services Bahrain 2023" by the International Business Magazine Awards 2023, and "Most Innovative Mobile Application - Banking - Bahrain 2023" by the International Finance Awards 2023. The bank's digital strategy and innovative approach have been highlighted as key factors in these achievements. The app offers a variety of features and services, and is the highest-rated banking application in Bahrain according to ratings on Apple Store, Google Play, and Huawei AppGallery. The bank continues to focus on digital transformation to improve client experiences and reduce carbon emissions caused by traditional banking transactions.
DFM News
News Update From Al Salam Bank B.S.C
On October 17, 2023, Al Salam Bank B.S.C announced that it purchased 489,193 treasury shares from the Bahrain Bourse and Dubai Financial Market. This purchase increased the bank's total holding of treasury shares from 39,200,349 to 39,689,542, which represents 1.517% of its issued share capital. The announcement was made by Ali Yusuf Al Khaja, the Head of Compliance and MLRO.
DFM News
News Update From Al Salam Bank B.S.C
The Board of Directors (BOD) meeting, where the purchase decision was taken, did not have a specified date. The approval for the purchase by the competent authority was given on 15th August 2023. The buyback program for treasury shares started on the same date and ended on 12th November 2023. The program size was 10% of the treasury shares. The purchase date was 16th October 2023, with a total of 540,698 shares purchased at an average price of 0.180 fils. The shares purchased amounted to 1.498% of the issued capital. There are approximately 222,500,000 shares remaining for purchase. The company's chairman or his delegate is Ali Yusuf Al Khaja. The disclosure was made by Al Salam Bank B.S.C. after the share buyback announcement.
DFM News
News Update From Al Salam Bank B.S.C
On October 15, 2023, Al Salam Bank B.S.C. announced to shareholders and the markets that it purchased 504,651 treasury shares on the Bahrain Bourse. This acquisition increased the bank's total holding of treasury shares from 38,155,000 to 38,659,651, which represents 1.477% 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 date for the purchase decision is not available. The competent authority approved the purchase on 15 August 2023. The buyback program for treasury shares started on 15 August 2023 and ended on 12 November 2023. The buyback program size was 10% of treasury shares. The purchase date was 12 October 2023 with 208,499 shares purchased at an average price of 0.180 fils. The purchased shares represent 1.458% of the issued capital. Approximately 223,550,000 shares remain for purchase. The company chairman or his delegate is Ali Yusuf Al Khaja. The company is Al Salam Bank B.S.C. This information is a post share buyback announcement.
DFM News
News Update From Al Salam Bank B.S.C
On October 11, 2023, Al Salam Bank B.S.C. purchased 252,970 treasury shares on the Bahrain Bourse and Dubai Financial Market. This increased their total treasury shares holdings from 37,693,531 to 37,946,501, representing 1.450% of the issued share capital. The announcement was made by Ali Yusuf Al Khaja, the Head of Compliance and MLRO at Al Salam Bank.