Al Salam Bank, a leading financial institution listed on the Bahrain Bourse (Trading Code “SALAM”) and the Dubai Financial Market (Trading Code “SALAM_BAH”), is pleased to announce that it has signed definitive agreements with Kuwait Finance House Group K.S.C.P. (“KFH Group”) to acquire the entire shareholding of Kuwait Finance House – Bahrain B.S.C.(c) ("KFH-Bahrain"), a wholly owned subsidiary of KFH Group.
The signing of definitive agreements is subject to regulatory approvals and customary closing conditions. Upon transaction closing, a seamless integration and brand repositioning plan will be implemented to ensure customer experience remains uninterrupted. Al Salam Bank will provide further updates on the transaction process and any subsequent changes to its operations.
Clients can continue to access all services currently being provided by KFH-Bahrain including but not limited to cards, cheque books, online banking, mobile banking services, branches, ATMs, and the call center. Both Al Salam Bank and KFH-Bahrain will keep clients informed with transaction updates.
Client engagement, banking operations, branch services, and all other banking services will remain fully operational. Further communication on the transaction will be released on a periodic basis.