Al Salam Bank-Bahrain (ASBB), one of the pioneering shari’a-compliant banks in the kingdom, has announced it’s newly elected board of directors under the chairmanship of Khaleefa Butti Bin Omair Almuhairi.

The announcement comes following the recent Annual General Ordinary Meeting held on March 22 at the Four Seasons Hotel, Bahrain.

The other board members are Shaikh Khalid bin Mustahail Al Mashani, Matar Mohamed Al Blooshi, Hussein Mohammed Al Meeza, Khalid Salem Al Halyan, Salman Saleh Al Mahmeed, Salim Abdullah Al Awadi, Zayed Ali Al Amin, Alhur Mohammed Al Suwaidi and Khalid Shehab Eddin Madi for the upcoming term from March 2018 – March 2021.

Following the AGM, the board members unanimously elected Almuhairi as the chairman and Al Mashani as the vice-chairman.

Addressing the shareholders at the AGM, Almuhairi, said: "On behalf of the board of directors, I take this opportunity to extend our thanks and appreciation to the former Board of Directors led by Shaikha Hessa bint Khalifa Al Khalifa, on their strategic vision and efforts that supported the growth of the bank’s business and brand value."

"Going forward, our focus will continue to further grow our business by delivering a sustainable and profitable performance, along with building stronger client portfolios by providing our clients with a range of competitive, well-diversified and innovative shari’a-compliant financial solutions through quality products and services," he stated.

"Also with our excellent capital position and strong liquidity, our growing performance will further consolidate towards ASBB’s position as a stronger Islamic bank and with a robust financial position, allowing it to take advantage of new growth opportunities and creating genuine value for all our stakeholders," he added.-TradeArabia News Service