Saturday 25 October 2014
 
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Al Salam

Al Salam launches Asian real estate fund

Al Salam Bank-Bahrain (ASBB) said it has launched the world's first Asian real estate investment trust (REIT) fund that invests along Sharia principles. ASBB is the sponsor and seed investor for the Al Salam Asia REIT Fund, wh

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Al Salam Bahrain posts 20pc profit

Al Salam Bank Bahrain posted a net profit of BD12.4 million ($32.4 million) for last year, up 20 per cent over the previous year. The net profit for the quarter ended December 31, 2013, was BD3.2 million, as compared to BD4.2 mill

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Al Salam opens biodiesel plant in HK

ASB Biodiesel, a joint venture between Al Salam Bank-Bahrain and a group of Gulf-based financial institutions, has launched its new $165 million waste-to-biodiesel plant in Hong Kong. A dynamic, diversified and differentiated Isla

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Al Salam, BMI in key merger agreement

Bahraini retail lender BMI said its board members have reached an agreement with Al Salam Bank-Bahrain, a dynamic, diversified and differentiated Islamic bank, to merge the two entities through a share swap deal.   

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Women in banking 'facing challenges'

Women in the workplace, particularly in the banking sector, continue to be dismally represented, especially in more senior roles, said a top official. Al Salam Bank chairwoman and inJAz Bahrain executive director Shaikha Hessa bin

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BMI Bank-Al Salam boards back merger

The boards of BMI Bank and Al Salam Bank Bahrain have reached an in-principle agreement to proceed with discussions for a merger, which will create the third largest bank in the kingdom, said a joint statement by the banks. BMI Ba

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Al Salam in merger talks with regional bank

  Bahrain's Al Salam Bank said on Wednesday it was in merger talks with an unnamed regional bank, almost a year after a tie-up with Bahrain Islamic Bank collapsed.  

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Al Salam buys Boeing jets for Emirates

Bahrain-based Al Salam Bank said it has acquired equity stake in two brand new Boeing 777-300 ER for offering on a12-year-long renewable term lease to Dubai national carrier Emirates. This is Al Salam's third investment in avi

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Al Salam Bank buys stake in Boeing lease

Al Salam Bank Bahrain has acquired an equity stake in a new Boeing 777-300 ER on long-term lease to Emirates Airlines, which comes as part of the bank's objectives to diversify its investment portfolio. Al Salam Bank Bahrain has identified

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$4.5bn Bahrain Islamic, Al Salam merger off

Bahrain Islamic Bank and Al Salam Bank said on Thursday that merger talks between both lenders to form a banking giant collapsed due to disagreement on pricing. Both banks had said in July they initiated talks to form the kingdom's la

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