Al Salam Bank has announced that it has completed the acquisition of Kuwait Finance House Bahrain B.S.C. (c) (“KFH Bahrain”) from Kuwait Finance House Group (“KFH Group”).

A seamless integration and brand repositioning plan will be implemented to ensure client experience remains uninterrupted.

Clients can continue to access all services currently being provided by KFH Bahrain, including but not limited to cards, cheque books, online banking, mobile banking services, branches, ATMs, and the call center. Al Salam Bank will keep clients informed about transaction updates as well as relevant developments in the integration process.

Banking operations, client engagement, branch services, and all other banking services will remain fully operational.

Further communication on the transaction will be released on a periodic basis.

We expect this transaction to reflect positively on the Group. The acquisition will boost the Bank’s financial performance, grow the scale of operations, strengthen Al Salam Bank’s market positioning, as well as further cement Al Salam Bank’s standing as a leading financial institution in Bahrain.

The acquisition will expand Al Salam Bank’s existing product offerings, as well as optimize the funding base, boost the balance sheet, as well as diversify Al Salam Bank’s extensive portfolio of financial investments and revenue streams.

We also welcome on board our colleagues from KFH-Bahrain employees who will be instrumental in managing our now expanded banking franchise. As the Al Salam Bank Family continues to grow, we expect better a superior banking experience to our diverse clientele.