Al Salam Bank-Bahrain (the Group or Bank), one of the pioneering Shari’a-compliant banks in the Kingdom, held a ceremony at the Four Seasons Bahrain Hotel for Her Highness Shaikha Hessa bint Khalifa Al Khalifa, former Chairperson of the Board of Directors of the Group and Mr. Yousif Taqi, former CEO of the Group, in recognition of their outstanding efforts in serving the Bank over the past years, which has contributed to supporting the Bank's growth and strengthened its position in the financial and banking sector.
On this occasion, the Chairman of Al Salam Bank-Bahrain, H.E. Mr. Khaleefa Butti Bin Omair Almuhairi, said: "On behalf of the Board of Directors, we take this opportunity to pay tribute to Her Highness Shaikha Hessa bint Khalifa Al Khalifa and Mr. Yousif Taqi for the great efforts they have made during several years of challenges and achievements, in addition to their contributions towards the development of the Bank to become one of the leading banks in the Kingdom of Bahrain. We can say that they have left a clear imprint in raising the Bank's business to the global level."
H.E. Mr. Khaleefa Bin Omair Al Muhairi added: "Thanks to their wise leadership, efforts and future vision over the past period, the Bank's business had witnessed a remarkable growth and has become a highly valued brand. I would like to highlight some of their achievements that includes the largest Initial Public Offering (IPO) in the Kingdom’s history with more than BD 2.7 billion and the success of Al Salam Bank-Bahrain in promoting economic and investment cooperation in the Arab, Asian, European and American regions.
During the same period, the Bank succeeded in acquiring two local banks in Bahrain, the Bahraini Saudi Bank in 2009 and BMI Bank in 2014, converting them from conventional banking to a Shari'a-compliant banking in record time that resulted in strengthening the growth of Islamic Banking and making Al Salam Bank-Bahrain as one of the largest Islamic Retail Banks in the Kingdom of Bahrain."
Commenting on the occasion, Her Highness Shaikha Hessa bint Khalifa Al Khalifa said: "I am honored to commend the efforts of the Board of Directors at Al Salam Bank-Bahrain chaired by H.E. Mr. Khaleefa Butti Bin Omair Al Muhairi, who is keen to increase business growth, strengthening capital position, maintaining stronger liquidity as well as increasing the Bank’s business efficiency that will contribute to further growth in financial performance, allowing the Bank to take advantage of new growth opportunities and creating genuine value for all its stakeholders that will further consolidate towards Al Salam Bank’s position as a stronger Islamic Bank in the region.”
H.H. Shaikha Hessa further added: “I would like to take this opportunity to extend my sincere gratitude to the Board of Directors and the Executive Management of Al Salam Bank-Bahrain for this great honor and wish them success in their future banking business.”