Manama, 15 February 2012: As part of its annual social activities, Al Salam Bank-Bahrain, Bahraini Saudi Bank and Manara Developments recently held their annual staff gathering for the Group's employees at the Regency Hotel. The function was attended by Director and CEO of Al Salam Bank Bahrain, Mr. Yousif Taqi and executive management members.

Mr. Taqi addressing the gathering thanked the staff for the Group's achievements during the past year.  He discussed the future plans and encouraged the employees to actively contribute in achieving various strategic goals of the Group.

Mr. Taqi also hailed the high level of commitment of the staff towards building the reputation of the Bank as an innovative Islamic banking solution provider over a short period of time since the inception.

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Headquartered in the Kingdom of Bahrain, Al Salam Bank-Bahrain (B.S.C.) is a dynamic, diversified and differentiated Islamic bank.

Key factors that contribute to the Bank's distinct market differentiation include:

• Strong paid-up capital base;

• Pre-eminent founding shareholders;

• High-caliber management team;

• State-of-the-Art IT infrastructure;

• Universal business model covering deposits, financing and investment services;

• Innovative, tailor-made Shari'a-compliant solutions;

• Firm commitment to corporate and social responsibility;

Incorporated on 19 January 2006 in the Kingdom of Bahrain and commenced commercial operations on 17 April 2006, the Bank operates under Shari'a principles in accordance with regulatory requirements for Islamic banks set by the Central Bank of Bahrain.

Al Salam Bank-Bahrain was listed on the Bahrain Stock Exchange on 27 April 2006, and subsequently on the Dubai Financial Market on 26 March 2008. The Bank's high caliber management team comprises highly qualified and internationally-experienced professionals with proven investment expertise in key areas of banking, finance and related fields; all supported by a world-class Information Technology (IT) infrastructure and the latest 'smart' working environment. In 2009, the Bank acquired a 90.31% stake in Bahraini Saudi Bank BSC. Established with a paid-up capital of BD120 million, the

Bank's total equity has crossed circa BD202 million (US$540 million) with total assets crossing the US$2 billion mark.

Al Salam Bank-Bahrain adopts internationally recognized standards and best practices in Corporate Governance and operates with highest levels of integrity, transparency and trust.

The Bank is committed to its role as a concerned corporate citizen, actively seeking ways to contribute and add value to the social and economic well-being of the local communities in which it invests and operates.

For further information, please contact:
Adnan Alshaikh
Head, Corporate Communications & Investor Relations Dept.
Tel: +973 39336900
Email: a.alshaikh@alsalambahrain.com

© Press Release 2012