Al Salam Bank - Bahrain

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Recent Press Releases

• Al-Salam Bank-Bahrain and The Bahraini Saudi Bank Merger23 March 2009

  Bahrain-based banks Al Salam Bank-Bahrain BSC (ASBB) and Bahraini Saudi Bank BSC (BSB) have engaged in serious discussions to merge the two institutions, it was disclosed today.

• Al-Salam Bahrain announces USD 100 million of operating income25 January 2009

  Bahrain based Al-Salam Bank – Bahrain BSC reported a net profit of BD25.5 million (US$67.6 million) for the year ended 31 December 2008, up from BD23.1 million (US$61.3 million) reported in 2007, despite the difficult market conditions that prevailed during the second half of 2008.

• Al Salam Bank-Bahrain and Tadhamon Islamic International Bank sign an agreement with Rawacheen Al Hijaz to issue Sukuk Manfa’a with a value exceeding SAR 857 million20 January 2009

  As part of the partnership between Al Salam Bank-Bahrain (ASBB) and Tadhamon International Islamic Bank (TIIB) in Burj Al Jewar Tower in Mecca, an agreement with Rawacheen Al Hijaz was singed today to issue Sukuk Manfa'a with a value exceeding SAR 857 million on Burj Al Jewar, a commercial/residential tower overlooking the Holy Mosque in Mecca.

• Al Salam Bank-Bahrain reports net profit of USD 60.1 million13 October 2008

  Al Salam Bank Bahrain announced a net profit of BHD 22.7 million (USD$60.1 million) for the nine month period ended 30 September 2008 registering increase of 30% compared to BHD17.4 million (UDS$46.2 million) for the corresponding period in 2007.

• Al Salam Bank-Bahrain donates USD 2 million to the Royal Charity Organization4 August 2008

  Al Salam Bank-Bahrain has donated a total of US$2.016 million to the Royal Charity Organization in support of university scholarships for distinguished students selected by Royal Charity Organization (RCO). RCO will establish and manage Al Salam University Fund for children of needy families, orphans or handicapped.

• Al Salam Bank-Bahrain reports half yearly net profit of US$40.5 million5 July 2008

  Building on the strong first quarter results, Al Salam Bank Bahrain announced a half-yearly net profit of BD15.3 million (US$40.5 million) for the period ended 30 June 2008.

• Al Salam Bank-Bahrain establishes “Amar Holding Company B.S.C (c) Taqi as Board Chairman and Al-Bastaki as CEO31 May 2008

  Al Salam Bank-Bahrain announced the establishment of Amar Holding Company B.S.C (c) to develop an investment area in Al-Hidd city near the Bahrain International Airport and Khalifa bin Salman Port.

• Al Salam Bank-Bahrain lists its share on DFM on March 2610 March 2008

  Al Salam Bank-Bahrain has announced that it has decided, in coordination with Dubai Financial Market (DFM) and Bahrain Stock Exchange, that Wednesday 26 March 2008 be the first day of listing its share on DFM.

• Al Salam Bank-Bahrain receives green light to list in DFM1 March 2008

  Al salam Bank-Bahrain has received the approval of the Securities and Commodities Authority in Abu Dhabi and Dubai Financial Market (DFM) to list its share in DFM at a date which will be announced within the next few weeks after coordinating with the pertinent parties in both the Kingdom of Bahrain and the United Arab Emirates, it was announced today.

• Al Salam Bank-Bahrain executes a pioneering biodiesel investment in Hong Kong27 February 2008

  Al Salam Bank-Bahrain (ASBB) announced the successful signing of a major, multi-faceted deal with six global strategic partners to invest in a pioneering alternative energy project in Hong Kong.