Al Salam Bank (“Al Salam Bank”) announced its support to OMP Racing S.p.A. (“OMP”), the world’s leading motorsport safety equipment company, in its acquisition of Bell Racing Helmets International (“Bell Helmets”), the world’s top manufacturer of head protection for Formula 1 and motorsport
Author Archives: Al Salam Bank
Press Release
Al Salam Bank and MSA Capital (China) to Launch $50 million MEC Ventures Positioning Bahrain as MENA’s Gateway to the Digital Silk Road
26
Nov
Nov
Al Salam Bank (“ASBB”) has partnered with China-based MSA Capital (“MSA”) to launch Al Salam-MSA Bahrain Fund I, I.L.P. (“MEC Ventures”), a US$50 million venture capital fund which will target investment opportunities that put innovative Chinese technologies and business models to work
Net Profit Attributable to Shareholders Jumps 27% to BD 17.2 million (US$45.7 Million) for the 9 Months ended 30 September 2019 Al Salam Bank reported strong performance in the third quarter of 2019, with net profit attributable to shareholders increasing by 19%, from BD 4.1 million (US$
Al Salam Bank, the pioneering Shari’a-compliant bank in the Kingdom, held a children cancer awareness drive throughout the month of September, concluding it with a two-day awareness session in cooperation with the ‘Smile’ initiative of the Future Youth Association. The event kicked off at the Bank’s headquarters with a lecture by Dr. Amal Dawood from the Health Promotion Department at the Ministry of Health, who spoke to staff about childhood cancer and its initial signs.
02
Oct
Oct
Al Salam Bank, the pioneering Shari’a-compliant bank in the Kingdom of Bahrain, announced the launch of its new Wakala Jawhar savings scheme, an innovative savings solution dedicated to children’s education; offering competitive expected profit rates with exceptional Takaful
Al Salam Bank, the pioneering Shari’a compliant bank in the Kingdom, announced the first Danat Al Salam Grand Prize winner of 2019, Hussain Abdulla Hussain, who won a luxury villa in Muharraq in the semi-annual draw. Mr. Mohammed Buhijji, Head of Retail Banking, congratulated Mr. Hussain and presented him with the keys to his new home.
Al Salam Bank (“ASBB” or the “Bank”), the pioneering Shari’a-compliant bank in the Kingdom of Bahrain, posted a net profit attributable to shareholders of BHD 12.31 million (USD 32.62 million) for the first half of 2019; reflecting a 30 % increase over the
Al Salam Bank, the pioneering Shari’a compliant bank in the Kingdom of Bahrain, reaffirmed its commitment to helping customers realize their homeownership dreams. As a participant in the Ministry of Housing’s Mazaya Social Housing Scheme, the Bank
Al Salam Bank, the pioneering Shari’a-compliant bank in the Kingdom, held an exceptional induction gathering at the Sheraton Hotel Bahrain on July 2nd to welcome 26 young Bahraini university students into its 13th annual summer internship program, a training and development initiative designed to shape the future leaders of Bahrain’s banking industry.
Al Salam Bank has been awarded the Enterprise Excellence Award in the field of training and national manpower development during the 34th annual ceremony organized by the Ministry of Labor and Social Development under the patronage of His Majesty King Hamad Bin Isa Al Khalifa,