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16 July 09:14 AM

Sector News

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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
Photo Archive
7 March 2022 09:36 AM Qatar's Baladna acquires 5% stake in Juhayna to date
Cairo – Mubasher: The Qatar Stock Exchange (QSE)-listed Baladna has acquired a 5% stake in Juhayna Food Industries through a number of purchases worth EGP 285.80 million. Baladna has purchased 47.11 million shares in the Egyptian company to date, …
Mergers and Acquisitions
The bank's net operating income rose to BHD 49.579 million
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
The potential acquisition will be subject to necessary consents
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 …
Companies Investments
The bank's total operating income rose by 7.6% to BHD 54 million
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
The bank's current ownership records 3.5%
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 …
Banking and Finance
The bank's total assets rose by 3.6%
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 ($6.7 million) in the year-ago period, …
Banking and Finance
The cash dividend payout stands at one share for every 20 shares
18 March 2021 11:29 AM Al Salam Bank's OGM nods to 5% dividends for 2020
Mubasher: The shareholders of Al Salam Bank – Bahrain have agreed to distribute cash dividends, equivalent to 5% of the paid-up share capital, for 2020. The cash dividend payout stands at one share for every 20 shares, aggregating at a total …
General Assembly
The bank's total assets rose by 11% in 2020
11 February 2021 10:42 AM Al Salam Bank – Bahrain registers 57% lower profits in 2020; dividends proposed
Mubasher: The consolidated financial results of Al Salam Bank – Bahrain reported a 57% drop in net profits attributable to the shareholders to BHD 9.1 million ($ 24.2 million) in 2020 from BHD 21.1 million ($ 56 million) in 2019. The bank's net …
Cash Dividends
The bank's net income rose to BHD 44.89m
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 ($45.7 million) during the corresponding period of 2019. …
Banking and Finance
The bank's net income increased to BHD 30.34m
13 August 2020 05:19 PM Al Salam Bank's net profits down 42% in H1-20
Mubasher: The net profits attributable to the shareholders of Al Salam Bank – Bahrain decreased to BHD 7.1 million ($ 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
The bank acquired the 2,032-unit portfolio in the US in 2016
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
The OGM approved distributing 4% cash dividends and 4% bonus shares
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 …
General Assembly
Al Mashani has replaced Khaleefa Butti Al Muhairi
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 …
Banking and Finance
Dividends stand at BHD 17.73 million
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
Earnings per share (EPS) rose to 9.8 fils in 2019.
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 …
Board of Directors
MEC Ventures’ investments will cover a variety of sectors
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 …
Companies Investments
EPS remained unchanged at 2 fils in Q3-19
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 …
Financial Results
The bank’s total holding increased to treasury shares to 60.761m
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, …
Insider Trading & Treasury Stocks
This brings the bank’s total holding of treasury shares to 57.385 million
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 …
Insider Trading & Treasury Stocks
The bank’s total holding of treasury shares increased to 57.230 million
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 …
Insider Trading & Treasury Stocks
This brings the bank’s total holding of treasury shares to 57.173 million
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 …
Corporate Actions
The bank’s total holding of treasury shares grew to 54.364 million
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 …
Company News
This brings the bank’s total holding of treasury shares to 53.614 million
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
This brings the bank’s total holding of treasury shares to 52.714 million
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 …
Corporate Actions