Al Salam Bank BSC - Company Profile
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Al Salam Bank BSC (ASBB) is a provider of banking and other related financial services. The bank's primary activities include retail banking, corporate banking, private banking, asset management, international transaction banking, and treasury services. It offers current, savings, and youth accounts; credit, debit, and prepaid multi-currency cards; property finance; auto finance; and loans for home, working capital, trade, and personal requirements. It offers a comprehensive range of Shari’a-compliant financial products and services, including AI-driven instant financing solutions, digital re-carding applications, and a corporate online banking platform. ASBB manages a proprietary portfolio and offers a range of investment products, funds, and alternative investments. It also provides cash deposit machines, payment solutions, and online and mobile banking. The bank's operations are primarily focused on the Kingdom of Bahrain, where it has established a strong presence in the local market. ASB is headquartered in Manama, Bahrain.
Headquarters
Bahrain
Address
Burj Al Khair 3, P.O.Box 18282, Manama
Website
www.alsalambank.com
Telephone
973 1 7005500
No of Employees
750
Industry
Financial Services
Ticker Symbol & Exchange
SALAM (BSH)
Revenue (2024)
$1.2B
13%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
30.2%
(2024 vs 2023)
Market Cap*
$1.9B
Net Profit Margin (2024)
XYZ
15.3%
(2024 vs 2023)
* As of and is in US$
Al Salam Bank BSC premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Foreign Exchange |
| Current | Private Banking |
| Savings | Wealth Management |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Stake Sale | In May, the company sold a 15.63% stake in Seef Properties B.S.C. to GFH Financial Group BSC. |
| 2025 | New Products/Services | In July, the bank launched a new Multi-Currency Debit Card, allowing clients to link accounts in six currencies and make international transactions without conversion fees. |
| 2025 | Contracts/Agreements | In July, the bank partnered with MG Motor to launch an all-inclusive auto financing offer with special prices, bundled fees, and benefits on selected MG models. |
Competitor Comparison
| Key Parameters | Al Salam Bank BSC | Bank of Bahrain and Kuwait BSC | Ithmaar Holding BSC | Khaleeji Bank BSC | Bahrain Islamic Bank BSc |
|---|---|---|---|---|---|
| Headquarters | Bahrain | Bahrain | Bahrain | Bahrain | Bahrain |
| City | Manama | Manama | Manama | Manama | Manama |
| No. of Employees | 750 | 1,282 | 248 | 193 | 186 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yousif Ahmed Ebrahim | Chief Financial Officer | Senior Management | - | - |
| Mazar Rashed Jalal | Chief Operating Officer | Senior Management | - | - |
| Hemantha Wijesinghe | Chief Technology Officer | Senior Management | - | - |
| Krishnan Hariharan | Chief Risk Officer | Senior Management | - | - |
| Rafik Nayed | Group Chief Executive Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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