Company Insights Al Salam Bank SALAM Banking & Finance Al Salam Bank Overview Established in 2006 in Bahrain, Al Salam Bank is the fastest-growing bank in Bahrain. The Islamic bank’s services include retail banking, corporate banking, private banking, asset management, international transaction banking and treasury services. Al Salam Bank says it is committed to supporting the social and financial well-being of the community. With a Bahrainisation rate of 92 percent, it contributes to charitable and environmental initiatives. In May 2024, the bank acquired Kuwait Finance House’s entire stake in its Bahrain subsidiary. Subsidiaries include ASB Finance, Al Salam Leasing Two, ASB Seychelles, Amar Holding Company and Wahat Al Muharraq Real Estate Investment. Major shareholders include the Gulf Investment Corporation. Al Salam Bank News Finance Al Salam Bank to acquire KFH’s Bahraini unit Al Salam Bank, a sharia-compliant lender in Bahrain, has signed definitive agreements to acquire the entire stake in Kuwait Finance House’s (KFH) subsidiary in the kingdom. The transaction is subject to regulatory approvals, the bank said in a statement to the Bahrain Bourse. No details were given on the deal. NewsletterGet the Best of AGBI […] April 3, 2024 Posts navigation
Finance Al Salam Bank to acquire KFH’s Bahraini unit Al Salam Bank, a sharia-compliant lender in Bahrain, has signed definitive agreements to acquire the entire stake in Kuwait Finance House’s (KFH) subsidiary in the kingdom. The transaction is subject to regulatory approvals, the bank said in a statement to the Bahrain Bourse. No details were given on the deal. NewsletterGet the Best of AGBI […] April 3, 2024
