Bahrain headquartered-Al Salam Bank has announced the sale of its 20.94% stake in Gulf African Bank, the largest Islamic Bank in Kenya.
Al Salam Bank, one of the fastest growing financial groups in the region, celebrates the first anniversary of its asset management and investment banking arm, ASB Capital, marking a year of steady growth, product innovation, and regional expansion.
Al Salam Bank, a leading regional financial group, has announced record profitability for the nine-month period with its net profit surging by 37.5% to hit $154.3 million, mainly driven by strong performance in core banking operations and disciplined balance sheet management.
Al Salam Bank marks its 20th anniversary this year, commemorating its commendable journey through a year-long celebration that reflects the shared story it has built with its clients, employees, and the community.
