Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) recently announced that it has completed the acquisition of select assets from Ithmaar Holding B.S.C. (“Ithmaar Holding”) (Bahrain Bourse and Dubai Financial Market Trading Code “ITHMR”) in the Kingdom of Bahrain, including the consumer banking business of its wholly-owned subsidiary, Ithmaar Bank, in a transaction worth US$2.2 billion.
Category Archives: Press Release
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) reported a net profit attributable to shareholders of BD 6.8 million (USD 18 million) in the third quarter of 2022, compared to BD 5.6 million (USD 14.8 million) for the same period in 2021, reflecting a 22% increase, primarily driven by growth in core banking activities.
Al Salam Bank announced its partnership with ‘The Bahrain Life’ to offer special discounts on 300 stores including more than 10,000 products and services across different categories including restaurants, medical clinics, entertainment centers, cafes, gift shops, sports centers, shops, hotels and spas, and many more.
Al Salam Bank announced the launch of a 6-month internship program for Bahraini graduates, set to commence on 2 October 2022. Following a series of interviews, tests and virtual assessments, 10 graduates will be selected to train in different departments within the Bank
Al Salam Bank recently launched a promotional retail campaign for its innovative service Saving Goals, providing clients with a curated and seamless user experience. Facilitated by the Bank’s mobile app, the service is a fully customizable
Solidarity Group Holding (“Solidarity” or the “Group”), one of the largest Takaful groups in the world, announced that H.E. Shaikh Khalid Mustahil Al Mashani has been elected as Chairman of the Board effective 10 October 2022. H.E. Shaikh Khalid is also the Chairman of the Board of Directors of Al Salam Bank (the “Bank”) and Bank Muscat (Oman).
Al Salam Bank recently announced the launch of its latest retail campaign, Salary Transfer, encouraging clients to transfer their accounts from the current bank in which their salary is deposited to a Savings Account at Al Salam Bank using the Bank’s mobile application for the chance to win an extra month’s salary of up to BD 1,500, as well as benefit from a number of exclusive benefits.
Al Salam Bank, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction.
Al Salam Bank has signed a joint agreement with Eskan Bank to offer facilitated financing solutions to end users as part of the new housing schemes offered by the Ministry of Housing and Urban Planning. This latest initiative aims to support the National development strategy and the United Nations Sustainable Development Goals (SDGs) as part of the Economic Vision 2030.
Al Salam Bank announced the launch of its exclusive scheme catering to the youth aged between 10 to below 18 years old, enabling them to open a Savings or Danat Savings account and benefit from the various digital services provided through the Bank’s mobile application including the Fils Challenge,