Mubasher TV
Contact Us Advertising   العربية

Al Salam Bank obtains CBB’s approval to buy treasury shares

Al Salam Bank obtains CBB’s approval to buy treasury shares
The bank's current ownership records 3.5%
Al Salam Bank
SALAM
-0.46% 0.22 -0.00
Al Salam International
SIIS
0.60% 0.67 0.00

Mubasher: Al Salam Bank – Bahrain has received the approval of the Central Bank of Bahrain (CBB) to purchase treasury shares of up to 5% of the bank’s issued shares. 

The bank's current ownership records 3.5%, according to the bank's disclosure to the Dubai Financial Market (DFM) and Bahrain Bourse.

It is noteworthy to mention that during the first quarter (Q1) of 2021, the bank's net profits attributable to the shareholders jumped by 144% to BHD 6.087 million from BHD 2.512 million in the year-ago period.