Al Salam Bank announces its exit from its 15.6% share in the sword real estate

Peace Bank (the trading code on the Bahrain Stock Exchange “Salam” and the trading code in the Dubai Financial Market “Salam_Bah”), the largest Islamic bank in the Kingdom of Bahrain, announced the completion of the sale of its 15.6% stake in the sword real estate (the trading code on the Bahrain Exchange “seef) for the GFH Financial Group (the trading code on the Bahrain Stock Exchange” GFH “). ASB CAPITAL – Asset Management Arm of the Bank of Peace Group has been appointed as an exit consultant.

This exit comes as part of a comprehensive strategy adopted by the group with the aim of achieving growth and enhancing a focus on basic banking processes and strategic investments in the sectors of banks, solidarity, and asset management.

Al Salam Bank has instructed ASB Capital to take over the search and structure tasks and carry out the exit process from its share in the sword real estate. Since the launch of its work at the beginning of this year, with assets under management amounting to $ 4.5 billion, ASB Capital has launched an integrated set of investment banking services, including consulting, deals delegations, financial tool market solutions, in addition to custom products covering various asset categories.

On this occasion, Rafik Al -Nayed, CEO of Al Salam Bank Group and Managing Director of ASB Capital said: “This deal reflects our continuous commitment to exit from non -strategic investments as part of a plan to raise efficiency and improve performance at the group level. In the framework of our approved strategy, we are working to redirect capital towards developing our basic banking business, enhancing our strategic investments in bank sectors, Takaful, Asset Management – Being long -term sectors and operational frameworks integrate with group operations. “

Al -Nayed added: “The pivotal role of ASB Capital is embodied in implementing this deal – despite the fluctuations of global markets – the extensive experiences that we enjoy in the field of consulting, and our ability to implement investment deals in the financial tool market. Based on the investment assignments granted to us from local and regional financial institutions, which include private stock funds, joint financing, and head tools Money and advisory services, ASB Capital has a pioneering center that enables it to benefit from the growing momentum in regional deals activity. “