Al Salam Bank B.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2024

Al Salam Bank Bahrain BSC is an Islamic financial institution. The Bank is organized, along with its subsidiaries, into four business segments: the Banking segment offers sharia-compliant financing contracts and products, and includes corporate banking, retail banking, private banking and wealth management; the Treasury segment covers sharia-compliant money market, trading and treasury services, including short-term commodity murabaha; the Investments segment covers the Bank’s portfolio and serving clients with a range of investment products, funds and alternative investments, and the Capital segment manages the un-deployed capital of the Bank by investing it in financial instruments, incurs all expenses in managing such investments and accounts for the capital governance related expenses. As of April, 2013, it completed and sold a joint venture, Martinique Villas By-the-Sea. Effective September 10, 2013, it acquired an stake in Experts Co for Education & Training LLC.