Al Salam Bank B.S.C (SALAM)

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News

24 November 2022 05:41 PM Al Salam Bank partners with Visa to enhance payment services

Mubasher: Bahrain-based Al Salam Bank, listed on Dubai Financial Market (DFM), signed an exclusive partnership agreement with Visa to provide advanced banking experience and varied payment methods for Visa cardholders, according to a press …

Banking and Finance

3 November 2021 10:15 AM Al Salam Bank records higher profits in 9M

Mubasher: The net profits attributable to the shareholders of Al Salam Bank hiked to BHD 16.224 million in the first nine months of 2021, compared to BHD 8.073 million in the same period of 2020, as shown by the bank's interims financials for the …

Banking and Finance

4 October 2021 09:46 AM Al Salam Bank – Bahrain inks MoU on potential acquisition of assets from Ithmaar

Mubasher: Al Salam Bank – Bahrain has signed a Memorandum of Understanding (MoU) to start discussions with Ithmaar Holding for a potential acquisition of a group of assets from Ithmaar. The potential acquisition will be subject to the completion …

Mergers and Acquisitions

5 August 2021 04:05 PM Al Salam Bank – Bahrain sees 50% higher profits in H1-21

Mubasher: The net profits attributable to the shareholders of Al Salam Bank – Bahrain surged by 50.1% to BHD 10.7 million ($28.3 million) during the first six months of 2021, compared to BHD 7.1 million ($18.8 million) in the same period of 2020. …

Banking and Finance

28 June 2021 09:57 AM Al Salam Bank obtains CBB’s approval to buy treasury shares

Mubasher: Al Salam Bank – Bahrain has received the approval of the Central Bank of Bahrain (CBB) to purchase treasury shares of up to 5% of the bank’s issued shares.  The bank's current ownership records 3.5%, according to the bank's disclosure to …

Central Banks

16 May 2021 04:31 PM Al Salam Bank – Bahrain sees 144% higher profits in Q1-21

Mubasher: The net profits attributable to the shareholders of Al Salam Bank – Bahrain jumped by 144% to BHD 6.087 million ($16.15 million) during the first quarter (Q1) of 2021 from BHD 2.512 million ($6.7 million) in the year-ago period, …

Banking and Finance

18 March 2021 11:29 AM Al Salam Bank's OGM nods to 5% dividends for 2020

Mubasher: The shareholders of Al Salam Bank – Bahrain have agreed to distribute cash dividends, equivalent to 5% of the paid-up share capital, for 2020. The cash dividend payout stands at one share for every 20 shares, aggregating at a total …

General Assembly

11 February 2021 10:42 AM Al Salam Bank – Bahrain registers 57% lower profits in 2020; dividends proposed

Mubasher: The consolidated financial results of Al Salam Bank – Bahrain reported a 57% drop in net profits attributable to the shareholders to BHD 9.1 million ($ 24.2 million) in 2020 from BHD 21.1 million ($ 56 million) in 2019. The bank's net …

Banking and Finance

10 November 2020 03:34 PM Al Salam Bank – Bahrain's profits down 54% in 9M

Mubasher: The net profits attributable to the shareholders of Al Salam Bank – Bahrain slid by 54% to BHD 8.07 million ($21.4 million) in the first nine months of 2020 from BHD 17.22 million ($45.7 million) during the corresponding period of 2019. …

Banking and Finance

13 August 2020 05:19 PM Al Salam Bank's net profits down 42% in H1-20

Mubasher: The net profits attributable to the shareholders of Al Salam Bank – Bahrain decreased to BHD 7.1 million ($ 18.8 million) in the first half (H1) of 2020, down 42% from BHD 12.31 million ($32.6 million) in the corresponding half of 2019. …

Financial Results

28 April 2020 11:50 AM Al Salam Bank exits from real estate portfolio in US for $182m

Mubasher: Al Salam Bank – Bahrain, dually listed on Bahrain Bourse and the Dubai Financial Market (DFM), has sold a portfolio of seven multifamily assets in the US for $182.5 million, exceeding the original underwriting. The bank acquired …

Real estate

14 April 2020 09:52 AM Al Salam Bank's OGM approves 8% dividends, bonus shares

Mubasher: The shareholders of Al Salam Bank – Bahrain, listed on Bahrain Bourse and the Dubai Financial Market (DFM), approved to pay out 4% cash dividends, amounting to BHD 8.863 million for fiscal year (FY) 2019. During the ordinary general …

Cash Dividends

13 April 2020 10:36 AM Al Salam Bank appoints new chairman

Mubasher: Al Salam Bank – Bahrain, listed on Bahrain Bourse and the Dubai Financial Market (DFM), has appointed Sheikh Khalid bin Mustahail Al Mashani as the chairman of the board. Al Mashani has replaced Khaleefa Butti bin Omair bin Yousif Al …

Board of Directors

22 March 2020 06:21 PM Al Salam Bank to distribute 4% dividends, 4% bonus shares

Mubasher: Shareholders of Al Salam Bank, listed on the Dubai Financial Market (DFM) and Bahrain Bourse, have approved the distribution of dividends for 2019. Dividends stand at BHD 17.73 million, representing 8% of the company’s capital, according …

Cash Dividends

13 February 2020 10:25 AM Al Salam Bank records BHD 21m profits in 2019; dividends proposed

Mubasher: Al Salam Bank – Bahrain reported a net profit attributable to shareholders worth BHD 21.1 million, 14% year-on-year (YoY) higher than BHD 18.5 million. Earnings per share (EPS) stood at 9.8 fils by 2019 year-end, as compared to 8.7 fils …

Cash Dividends

20 November 2019 09:34 AM Al Salam Bank – Bahrain to launch $50m fund with China’s MSA Capital

Dubai - Mubasher: Al Salam Bank – Bahrain has partnered with Chinese venture capital firm MSA Capital to launch $50 million venture capital fund. The new fund, Al Salam-MSA Bahrain Fund (MEC Ventures), will focus on investment opportunities that …

Banking and Finance

6 November 2019 09:30 AM Al Salam Bank profits rise 19% in Q3

Dubai – Mubasher: The financial statements of Al Salam Bank – Bahrain showed a 19.3% increase in profits during the third quarter (Q3) of the year to BHD 4.914 million up from BHD 4.119 million in the corresponding quarter last year. The bank also …

Company News

24 October 2019 09:00 AM Al Salam Bank buys 395,000 treasury shares

Mubasher: Al Salam Bank – Bahrain announced it has purchased 395,000 treasury shares on the Dubai Financial Market (DFM) on 23 October 2019. This brings the bank’s total holding of treasury shares to 60.761 million from 60.366 million, …

Corporate Actions

15 October 2019 09:40 AM Al Salam Bank buys 155,000 treasury shares

Mubasher: Al Salam Bank – Bahrain announced it has purchased 155,000 treasury shares on the Dubai Financial Market (DFM) and Bahrain Bourse (BHB) on 14 October 2019. This brings the bank’s total holding of treasury shares to 57.385 million from …

Corporate Actions

14 October 2019 08:53 AM Al Salam Bank continues buying treasury shares

Mubasher: Al Salam Bank – Bahrain announced it has bought 57,000 treasury shares on the Dubai Financial Market (DFM) on 13 October 2019. The bank’s total holding of treasury shares increased to 57.230 million from 57.173 million, representing …

Corporate Actions

13 October 2019 10:00 AM Al Salam Bank buys 404,000 treasury shares

Mubasher: Al Salam Bank – Bahrain announced it has bought 404,000 treasury shares on the Dubai Financial Market (DFM) and Bahrain Bourse (BHB) on 10 October 2019. This brings the bank’s total holding of treasury shares to 57.173 million from …

Banking and Finance

7 October 2019 09:11 AM Al Salam Bank continues buying treasury shares

Mubasher: Al Salam Bank – Bahrain announced it has purchased 750,000 treasury shares on the Dubai Financial Market (DFM) and Bahrain Bourse (BHB) on 6 October 2019. Accordingly, the bank’s total holding of treasury shares grew to 54.364 million …

Banking and Finance

6 October 2019 09:10 AM Al Salam Bank buys 900,000 treasury shares

Mubasher: Al Salam Bank – Bahrain announced it has purchased 900,000 treasury shares on the Dubai Financial Market (DFM) and Bahrain Bourse (BHB) on 3 October 2019. This brings the bank’s total holding of treasury shares to 53.614 million from …

Insider Trading & Treasury Stocks

3 October 2019 08:47 AM Al Salam Bank continues buying treasury shares

Mubasher: Al Salam Bank – Bahrain announced it has purchased 150,000 treasury shares on the Dubai Financial Market (DFM) and Bahrain Bourse (BHB) on 2 October 2019. This brings the bank’s total holding of treasury shares to 52.714 million from …

Banking and Finance

2 October 2019 08:43 AM Al Salam Bank purchases 555,000 treasury shares

Mubasher: Al Salam Bank – Bahrain announced it has bought 555,000 treasury shares on the Dubai Financial Market (DFM) and Bahrain Bourse (BHB) on 1 October 2019. This brings the bank’s total holding of treasury shares to 52.564 million from 52.009 …

Banking and Finance