\u200bAl Salam Bank (\u201cAl Salam Bank\u201d) announced its support to OMP Racing S.p.A. (\u201cOMP\u201d), the world\u2019s leading motorsport safety equipment company, in its acquisition of Bell Racing Helmets International (\u201cBell Helmets\u201d), the world\u2019s top manufacturer of head protection for Formula 1 and motorsport drivers (collectively the \u201cGroup\u201d).<\/p>\n
The combination of OMP\u2019s extensive product line and Bell Helmets\u2019 world-renowned helmets, having supplied 11 out of 20 Formula 1 drivers in 2019, including Lewis Hamilton, Kimi Raikkonen, and Charles Leclerc, gives the Group an unrivaled and comprehensive product offering. The Group, which has worldwide presence through various brands and facilities, will enhance synergies between its entities with its Bahrain headquarters in Sakhir playing a key strategic role in operations and R&D. <\/span><\/p>\n The Group\u2019s operations will be further supported by its world class facilities and distribution networks in Italy, Belgium, and the US. Al Salam Bank, listed on the Bahrain Bourse and the Dubai Financial Market, will be the Group\u2019s key banking partner in its plans to further expand its operations in Bahrain to include the manufacturing and distribution of a wide range of Bell and OMP branded products from the Group\u2019s 2000+ product line. <\/span><\/p>\n The Group\u2019s expansion plans for its Sakhir location is a continuing reaffirmation of Bahrain\u2019s leading and strategic role in global motorsports. The expanded services are expected to increase the Group\u2019s workforce in Bahrain to over 200 employees. Exports from the Group\u2019s local operations are also expected to exponentially increase, driven by the new synergies and Bahrain\u2019s strategic location, as well as the respective trade agreements Bahrain has with several of its key trading partners. <\/span><\/p>\n Paolo Delprato, President and CEO of the Group stated: \u201cThe acquisition of Bell Helmets is the most important acquisition in OMP\u2019s 46-year history and marks a revolution in the field of motorsports safety equipment. OMP and Bell Helmets are two iconic brands with a rich history of innovation. Putting these two brands together creates the world\u2019s most important motorsports Group with tremendous potential for future growth derived by strategic synergies.<\/span><\/p>\n The role of Al Salam Bank in supporting us in the acquisition of Bell Helmets has been instrumental and we look forward to continue this strategic relationship in our efforts to grow in Bahrain and globally across various business verticals.\u201d On this occasion, Rafik Nayed, Group CEO of Al Salam Bank stated: \u201cWe are proud to be a strategic partner of OMP\u2019s acquisition of Bell Helmets.<\/span><\/p>\n The Group\u2019s expanded offering now combines the best global brands in Formula 1 and motorsports safety equipment right here in Bahrain. Al Salam Bank is honored to support the Group\u2019s future growth and contribute to further cementing Bahrain\u2019s position as a global motorsports hub.\u201d <\/span><\/p><\/p>\n","protected":false},"excerpt":{"rendered":" \u200bAl Salam Bank (\u201cAl Salam Bank\u201d) announced its support to OMP Racing S.p.A. (\u201cOMP\u201d), the world\u2019s leading motorsport safety equipment company, in its acquisition of Bell Racing Helmets International (\u201cBell Helmets\u201d), the world\u2019s top manufacturer of head protection for Formula 1 and motorsport<\/p>\n","protected":false},"author":1,"featured_media":5216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts\/6118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/comments?post=6118"}],"version-history":[{"count":0,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/posts\/6118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/media\/5216"}],"wp:attachment":[{"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/media?parent=6118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/categories?post=6118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alsalambank.com\/en\/wp-json\/wp\/v2\/tags?post=6118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}