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Bahrain’s Al Salam Bank denies news on merger with UAE bank

Bahrain’s Al Salam Bank denies news on merger with UAE bank
Al Salam Bank
SALAM
-3.51% 0.22 -0.01
Mashreq
MASQ
1.19% 170.00 2.00
Al Salam International
SIIS
0.00% 0.63 0.00

Mubasher: Al Salam Bank, listed on both Bahrain Bourse and the Dubai Financial Market (DFM), stated that the news published on a possible merger with the UAE’s Mashreq Bank is “incorrect”.

On 14 August, the Bahraini newspaper Alwatan published that a source predicted a merger between Al Salam Bank and the DFM-listed Mashreq Bank, the Bahraini bank said in a bourse disclosure to BHB on Thursday.