Al Salam Bank is in the process of completing the merger with BMI Bank by the end of 2016, said Head of Investor Relations at Al Salam Bank Adnan Al Shaikh.

Al Shaikh told Mubasher that such merger has reduced the expenditures by 15%.

Director and CEO at Al Salam Bank Yousif Taqi declared that Al Salam Bank will launch a chain of property projects in the coming period.

Noteworthy, Al Salam Capital stands at BHD 214 million, distributed on 2.14 billion shares with a par value of BHD 0.1 per share.