Al Salam Bank-Bahrain Contributes Over USD1 Million to Combat the Spread of COVID-19
Press release
Rafik Nayed
Highlights
Al Salam Bank-Bahrain announced a contribution of USD 1 million to the “Feena Khair” (“There is good in us”) campaign led by His Highness Shaikh Nasser bin Hamad Al Khalifa.
Al Salam Bank-Bahrain announced a contribution of USD 1 million to the “Feena Khair” (“There is good in us”) campaign led by His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Works and Youth Affairs, National Security Advisor and Chairman of the Board of Trustees of the Royal Humanitarian Foundation (RHF).
Additionally, the Bank also extended support to various initiatives including the Supreme Council for Women’s “Together for the Safety of Bahrain” campaign, the Capital Governorate’s Support Program as well as the Ministry of Interior’s “Thank You” initiative. Moreover, and to ensure continuity of school programs remotely, the Bank participated in the purchase and distribution of tablet devices to students across Bahrain.
Al Salam Bank-Bahrain Group CEO Rafik Nayed said: “It is of utmost importance for all of us to come together during these exceptional circumstances and support each other by all means possible. We remain committed to our clients, community and the Kingdom of Bahrain”.
“Bahrain has been recognized by the global community in their efforts to combat COVID-19 under the wise leadership of His Majesty King Hamad bin Isa Al Khalifa, HRH the Prime Minister Prince Khalifa bin Salman Al Khalifa and HRH the Crown Prince, Deputy Supreme Commander and First Deputy Premier Salman bin Hamad Al Khalifa. We are proud to support these commendable initiatives and would also like to express our sincere appreciation and gratitude to frontline workers for their patriotic and humanitarian efforts”.
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Background Information
Al Salam Bank
Al Salam Bank-Bahrain B.S.C (ASBB) is an Islamic bank headquartered in the Kingdom of Bahrain, and licensed and regulated by the Central Bank of Bahrain.
ASBB was established on 19 January 2006 in the Kingdom of Bahrain with paid-up capital of BD 120 million (US$ 318 million) and commenced commercial operations on 17 April 2006. The Bank was listed on Bahrain Bourse on 27 April 2006 and subsequently on the Dubai Financial Market (DFM) on 26 March 2008.
ASBB completed its merger with the Bahraini Saudi Bank (BSB) on 22 December 2011. On 2 February 2014, Al Salam Bank-Bahrain and BMI Bank B.S.C. (c) confirmed the conclusion of a business combination between the two institutions after obtaining the approval of their shareholders at their respective extraordinary general assembly meetings, and of 30 March 2014 BMI Bank became a wholly owned subsidiary of ASBB.
ASBB offers its customers a comprehensive range of innovative and unique Shari’a-compliant financial products and services through an extended network of branches and ATMs, utilizing the state-of-art technologies to meet various banking requirements. In addition to its retail banking services, the Bank also offers Corporate Banking, Private Banking, Asset Management and Treasury services. The Bank's high-caliber management team is comprised of highly qualified and internationally experienced professionals with proven expertise in key areas of banking, finance, and related fields.
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