Articles from Al Salam Bank

Al Salam Bank, Bahrain’s largest and fastest growing domestic bank, features the successful implementation of J.P. Morgan Payments’ Overnight Murabaha solution as the first bank globally to adopt the service as a key part of its asset and liability management framework. The implementation of this innovative liquidity management tool reflects Al Salam Bank’s pioneering approach to treasury and liquidity management while reinforcing its commitment to adopt advanced solutions to enhance efficiency and performance.

Al Salam Bank (Bahrain Bourse trading code “SALAM”, Dubai Financial Market trading code “SALAM_BAH”) achieved record profitability with net profit attributable to shareholders increasing by 39.8% to US$ 156.5 million for the fiscal year ended 31 December 2024, up from US$ 112.0 million in 2023. The substantial growth in profitability was predominantly driven by the strong performance of the Group’s core banking operations, subsidiaries, and associates as well as the successful acquisition of Kuwait Finance House – Bahrain (“KFH-Bahrain”), the Group’s fifth banking M&A transaction.