Al Salam Bank - Bahrain

Headquartered in the Kingdom of Bahrain, Al Salam Bank is a diversified Islamic banking and financial services enterprise.

The bank operates under Islamic principles in accordance with regulatory requirements for Islamic banks set by the Central Bank of Bahrain.

The bank's Initial Public Offering, comprising 35 percent of the paid-up capital, raised over BHD 2.7 billion (USD 7 billion) and was the largest IPO in the Kingdom's history. Al Salam Bank was subsequently listed on the Bahrain Stock Exchange on 27 April 2006.

The founding shareholders of the bank hold 65 per cent of the paid-up capital. They include Amlak Finance, Dubai Holding, Dubai Investment Group, Emaar Properties and Global Investment House, together with other strategic shareholders from across the Middle East.