Al Salam Bank and ASB Capital: regional leaders in financial instruments and capital markets

Al Salam Bank (ticker: SALAM on the Bahrain Bourse and SALAM_BAH on the Dubai Financial Market), one of the fastest growing financial institutions in the region, and its specialist asset management arm ASB Capital, continue to consolidate their position as the leading regulators and advisors in the regional financial instruments and capital markets. During the current year, the two institutions have succeeded in implementing a group of prominent issuances of sukuk and capital instruments, which confirms their position as reliable partners for issuers and investors in the region alike.

Based on a strong capital financing framework and deep regional experience, ASB Capital has advised and structured deals with a total value exceeding $2 billion. One of this year’s highlights was the issuance of the $1 billion Bapco Energies Sukuk, with ASB Capital assuming the role of joint lead manager, underscoring the company’s capabilities in executing complex, high-profile deals. This was followed by Al Salam Bank issuing additional Tier 1 capital worth US$450 million, with ASB Capital acting as sole advisor and lead manager.

To strengthen its position in the insurance market, ASB Capital led the issuance of additional Tier 2 capital to Solidarity Bahrain worth US$114 million, as the sole advisor and lead manager, in an achievement that is considered a milestone in the Bahraini insurance sector’s journey. The company also expanded its regional presence through its role as joint lead manager and lead manager for the issuance of Tier 2 Sustainable Sukuks to Kuwait International Bank worth US$300 million, confirming its growing capacity across regional borders.

Based on this momentum, ASB Capital has obtained multiple mandates to manage and advise on upcoming issuances in the regional financial instruments and capital markets worth more than $2 billion, strengthening its position as one of the regional leaders in this field, while continuing to benefit from its Bahraini roots in expanding its presence as an advanced financial center.

On the sidelines of the “Gulf Gate” Forum, Rafiq Nayed, CEO of Al Salam Bank Group and Managing Director of ASB Capital, said: “Our successes in structuring and implementing innovative capital markets deals at the region level reflect the depth of experience and discipline enjoyed by the Al Salam Bank and ASB Capital teams. These achievements also confirm the strength of our relationship with various partners, the confidence of investors, and the depth of our institutional capabilities. As we expand regionally and internationally, we will remain committed to providing innovative financial solutions that contribute to enhancing growth and achieving sustainable value for our clients.” And our partners.”

ASB Capital operates across various sectors, including public markets, private markets and investment banking, enabling it to provide integrated financial solutions to a diverse base of high-net-worth individuals, family offices, corporations and institutional investors.

Al Salam Bank and ASB Capital continue to take advantage of the strong financial environment in the Kingdom of Bahrain to expand their operations regionally, enhancing their shared vision of providing comprehensive, customer-centric financial solutions covering banking, insurance, asset management and investment advisory.