Al Salam Bank Bahrain

Incorporated on 19 January 2006 in the Kingdom of Bahrain with a paid-up capital of BD 120 million (US$ 318 million), Al Salam Bank commenced commercial operations on 17 April 2006. The Bank operates under Islamic principles in accordance with regulatory requirements for Islamic banks set by the Central Bank of Bahrain.

The Bank's Initial Public Offering, comprising 35 per cent of the paid-up capital, raised over BD 2.7 billion (US$ 7 billion) and was the largest IPO in the Kingdom's history. Al Salam Bank was subsequently listed on the Bahrain Stock Exchange on 27 April 2006.

The founding shareholders of the Bank hold 65 per cent of the paid-up capital. They include leading regional institutions such as Amlak Finance, Dubai Holding, Dubai Investment Group, Emaar Properties, and Global Investment House, together with other strategic shareholders from across the Middle East.

Al Salam Bank is committed to adopting internationally recognised standards and best practice in critical areas such as corporate governance, compliance and risk management, operating with the highest levels of integrity, transparency and trust. The Bank is equally committed to its role as a concerned corporate citizen, actively seeking ways to contribute and add value to the social and economic well-being of the local communities in which it invests and operates