$154.3 million net profits of Al Salam Bank in 9 months

Al Salam Bank announced record profits during the nine months ending September 30, 2025, as the bank recorded an increase in net profits attributable to shareholders by 37.5% year-on-year to reach $154.3 million, mainly due to the strong performance of core banking operations and disciplined management of the balance sheet. While the return on average equity reached 16.4% in September 2025, compared to 15.2% in the previous year, while the return on share increased by 24.4% to reach 45.9 cents compared to 36.9 cents in September 2024.

The group’s total assets increased by 14.8% to reach $21.51 billion in September 2025, compared to $18.73 billion in 2024, driven by a 9.9% growth in the financing portfolio to reach $10.67 billion, compared to $9.71 billion in 2024, in addition to a 33.8% growth in the fixed income portfolio to reach $5.14 billion, compared to $3.84 billion in 2024. Customer deposits also increased by 9.1% to reach $14.81 billion, driven by strong growth in market share during the year. The bank also maintained its capital adequacy ratio at 27.4%, which reflects the bank’s strength and ability to expand and grow in the future.

On this occasion, Sheikh Khalid bin Mustahil Al-Maashani, Chairman of the Board of Directors of Al Salam Bank, said: “The bank continues to strengthen its position as one of the most prominent financial institutions in the region. These results embody the result of both discipline and ambition, as we continue to achieve record profits while developing our operating model to benefit from the growth in the volume of our business. As we expand regionally and diversify sources of income, we are keen to maintain our approach based on wisdom, ensuring that today’s growth is a source of strengthening the strength of the future.”