Al Salam Bank recently sponsored the renovation of Al Salam Learning Center at the University of Bahrain’s College of Business Administration, which will be equipped with the latest smart board technology. The sponsorship is an extension of the Bank’s commitment to supporting key educational initiatives to enhance the financial and social wellbeing of its community as part of its environmental, social, and governance (ESG) framework.
Category Archives: Press Release
Al Salam Bank has announced a number of ESG initiatives focused on supporting education, health and women empowerment in Bahrain. The move is part of the Bank’s ongoing efforts to support the financial and social wellbeing of the community as well as the Kingdom’s Economic Vision 2030 and the United Nations’ Sustainable Development Goals (SDGs).
Al Salam Bank recently announced the signing of an exclusive partnership agreement with Visa, renewing its collaboration with the global payments technology company. This follows Al Salam Bank’s acquisition of select assets from Ithmaar Holding, including the consumer banking business of its wholly-owned subsidiary, Ithmaar Bank.
Al Salam Bank has unveiled a nationwide campaign under the theme of ‘Inspired to Grow’, celebrating the Bank’s new chapter of accelerated growth. Inspired by the Bank’s commitment to support the social and financial wellbeing of the local community, as well as its Environmental, Social and Governance (ESG) obligations, the campaign aims to engage the entire community in a tree-planting initiative for a greener Bahrain.
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.
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).