Sunday, 08 November 2009 | 23:33 UAE time
COMPANIES
Al Salam Bank - Bahrain
- 1.01 Last
- -0.02 (-1.94%) Today's Change
- 497,832 Volume
- 0.77-1.34 52 Week Range
- -0.25 (-19.84%) 52 Week Change
COMPANY DESCRIPTION
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.
KEY INFORMATION
Industry
Asset Management, Commercial Banks, Investment Banks
Address
Building 22, Block 436, Al Seef District, 18282, Manama, Bahrain
T
973 17560000
F
973 17560003
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 19 January 2006 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Dubai Islamic Insurance and Reinsurance Company | companies | UAE | |
| Amlak Finance - UAE | companies | 4.1 | UAE |
| Al Salam Bank - Sudan | companies | 2 | Sudan |
| Dubai Financial Group | companies | 2.3 | UAE |
| Dubai Holding | companies | UAE | |
| Dubai Investment Group - UAE | companies | UAE | |
| Global Investment House - Kuwait | companies | 5.5 | Kuwait |
| LCB Investment | companies | Lebanon |
PORTFOLIO
| Name | Country |
|---|---|
| Aman Bahrain Insurance Company | Bahrain |
| Amar Holding Company | Bahrain |
| ASB Biodiesel | Hong Kong |
| Manara Developments Company | Bahrain |
| Al Salam Bank - Algeria | Algeria |
| Real Estate Development Company - Bahrain | Bahrain |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Habib Ahmad Qassim | Board Member |
| Youssef Abdullah Taqi | Board Member |
| Khaled Ahmad Abdullah Al Ashar | Board Secretary |
| Mohammed Bin Ali Rashid Al Abbar | Chairman |
| Hussein Mohammed Salem Al Meeza | Vice Chairman |
| Salem Bin Rashed Saeed Al Mohannadi | Board Member |
| Mohammed Omeir Bin Youssef | Board Member |
| Saleh Saeed Ahmad Lootah | Board Member |
| Issam Al Muhaideb | Board Member |
| MANAGEMENT | Position |
| Youssef Abdullah Taqi | Chief Executive Officer |
| Hussein Mohammed Salem Al Meeza | Managing Director |
| Mukundan Raghavachari | Chief Financial Officer |
| Ahmad Swaleh Abdulsheikh | Chief Risk Officer |
| Nabil Ibrahim Al Tattan | Head of Banking Group |
| Omar Marwan Kamal | Executive Vice President - Investment Group |
| Hasan Al Bastaki | Executive Vice President - Operations and Information Technology and Support Services |
| Mohammed Paracha | Executive Vice President - General Counsel |
| Pradeep Taneja | Vice President - Head of Trade Finance Services |
| Marco Dondi | Senior Vice President - Treasury and Financial Market |
| Kubra Ghuloom Jassim Shehabi | Senior Vice President - Head of Credit |
| Paul Gill | Head of Real Estate Investment |
| Naeema Hassan Taheri | Senior Vice President - Head of Compliance and MLRO |
| Karim Turki | Head of Operations |
| SHARIA BOARD | Position |
| Ali Muhieddine Al Qurra Daghi | Board Member |
| Mohammed Abdulhakim Zaair | Board Member |
| Adnan Abdullah Al Qattan | Board Member |
| Hussain Hamed Hassan | Chairman |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Business Analyst, Abu Dhabi, UAE
- Asst to General Manager, Abu Dhabi, UAE
- Office Manager / Secretary, Abu Dhabi, UAE
- Personal Assistant, Qatar, Qatar
- Client Manager, Abu Dhabi, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
All markets data located on
ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only.
Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate
Selected data supplied by Reuters Limited. Click for Restrictions.