Manama, Kingdom of Bahrain –11 February 2026: Al Salam Bank announced the signing of a BD 20 million (USD 53 million) strategic financing agreement with Beyon, a leading telecommunications and technology company. The financing aims to support the company’s corporate capital requirements and facilitate the execution of its local and regional expansion plans.
This agreement aligns with Al Salam Bank’s strategy to support private-sector growth by offering bespoke financing solutions that address the evolving needs of leading national corporates. It also underscores the Bank’s commitment to building strong, long-term partnerships with its clients and reinforcing its role as a key enabler of sustainable economic development.
Commenting on the occasion, Rafik Nayed, Group CEO of Al Salam Bank, said: “We are proud to sign this agreement with Beyon, one of Bahrain’s most prominent institutions in the telecommunications and technology sector. This partnership reflects Al Salam Bank’s commitment to providing innovative financing solutions that support expansion ambitions of our clients and reinforce our position as a leading financial institution serving the corporate sector. We firmly believe this collaboration will contribute to national economic growth and empower companies to realize their strategic aspirations. Our partnerships with key national institutions are built on a deep understanding of their business models and strategic objectives, enabling us to structure financial solutions aligned with their requirements and strategies”.
On his part, Andrew Kvålseth, Chief Executive Officer of Beyon Group, said: “We thank Al Salam Bank for its confidence in Beyon, our strategy, and our long-term growth vision. This facility will support the Group’s working capital requirements and enable the continued execution of key initiatives across local and regional markets, contributing to the national economy and delivering sustainable value for all our stakeholders”.
This agreement underscores the importance of collaboration between financial institutions and leading national companies, enabling a more dynamic and resilient business environment while supporting long-term, sustainable economic growth.
