Latest news with #AlSalamBank-Bahrain
Gulf Weekly
02-07-2025
- Business
- Gulf Weekly
Al Salam-BSB merger talks
Bahrain-based banks Al Salam Bank-Bahrain (ASBB) and Bahraini Saudi Bank BSC (BSB) have engaged in serious discussions to merge the two institutions. Director and CEO of ASBB Yousif Taqi and the CEO of BSB Khalid Shaheen confirmed that both institutions have retained M/s KPMG as independent adviser to the transaction. The CEOs of the two banks stated that the process of due diligence and evaluation is on schedule and is expected to be completed in the coming weeks. Upon receipt of independent advisers' recommendations, the boards of the two banks will meet separately to agree the share exchange ratio. Mr Shaheen stated that regulators and shareholders of BSB would be approached for their respective approval this month. ASBB is also expected to pursue a similar course of action according to Mr Taqi.
Arabian Business
09-04-2025
- Business
- Arabian Business
Al Salam Bank-Bahrain
Al Salam Bank-Bahrain The Manama bank to offer Eagle Hills customers competitive profit rates, a grace period of up to six months and loyalty reward points Al Salam Bank-Bahrain Benefits include unlimited free delivery on food and grocery orders and exclusive discounts for 12 months; available to first 3,500 customers Al Salam Bank-Bahrain Net profit attributable to shareholders for Q4 2024 is $44.3 million, while that for the full year 2024 is $156.5 million Al Salam Bank-Bahrain Portal introduces three new features in Bahrain – switch functionality; Admin User and flexible payment execution Al Salam Bank-Bahrain KFH acquisition helps increase total assets by 34.1% to $18.3 billion; Financing assets and customer deposits up 37.9% and 39.3% respectively Al Salam Bank-Bahrain Kuwait Finance House's asset base of $3.95 billion will substantially increase Al Salam's balance sheet by 28% Al Salam Bank-Bahrain Al Salam Bank-Bahrain chairman confirms discussions with Ithmaar Holding for potential acquisition of assets Al Salam Bank-Bahrain Al Salam Bank is offering financing solutions with no administrative fees Al Salam Bank-Bahrain Ben Harburg of MSA Capital says Chinese companies are moving into emerging technology markets such as the Middle East, which has a lower e-commerce penetration rate and large unbanked populations.
