Pursuant to the resolution of Bahraini Saudi Bank BSC (BSB) shareholders in their Extraordinary General Assembly meeting held on 22 December 2011 to merge its business with Al-Salam Bank-Bahrain BSC (ASBB), and the resolution of ASBB's Extraordinary General Assembly meeting held on 4 May 2009 approving the merger with BSB, ASBB hereby wishes to notify that the merger has been completed.
All merger procedures have been completed according to the requirements of Bahrain Commercial Companies Law.Consequently, ASBB has taken over all the assets and assumed all the liabilities of BSB with effect from 25 April 2012 and BSB's operations have been integrated with those of ASBB. All previous BSB branches will continue to conduct business as before under ASBB.All employees of BSB on the date of merger are now ASBB employees.
Customers, correspondents and suppliers are requested to take note of the merger and contact their erstwhile relationship officers who will continue to facilitate their business. Customers holding BSB cheque books, credit/debit (ATM) cards are requested to approach ASBB branches (including previously BSB branches) to apply or exchange for new cheque books and credit/debit (ATM) cards and new cheque books will be issued at no additional cost to customers. The current ATM(debit)/credit cards shall be valid until the earliest of their respective expiry date or 31 July 2012.
ASBB is committed to a smooth transition and has made necessary arrangements to this effect. For additional information, please contact your erstwhile relationship officers or Adnan Alshaikh Head of Corporate Communications on 17560166.
© Press Release 2012
