Mubasher: Al Salam Bank announced a new purchase of 175,000 treasury shares on the Dubai Financial Market (DFM) during the Monday’s session, 16 September.

The bank’s total holding of treasury shares soared from 48.276 million to 48.451 million or 2.18% of the total issued share capital, according to a disclosure to the DFM on Tuesday.

It is worth highlighting that Al Salam Bank’s net profits attributable to shareholders hiked by 30% to BHD 12.31 million ($32.62 million) during the first half of 2019, compared to BHD 9.47 million ($25.13 million) in H1-18.

The bank is dually listed on the DFM and Bahrain Bourse (BHB).