Al Salam Bank, a prominent financial institution based in Bahrain and listed on both the Bahrain Bourse and the Dubai Financial Market, has finalized its acquisition of Kuwait Finance House Bahrain (KFH Bahrain) from the Kuwait Finance House Group (KFH Group). This strategic transaction, which is Al Salam Bank’s fifth major M&A deal, significantly bolsters its asset base and market presence, further solidifying its reputation as Bahrain’s fastest growing bank. The acquisition, which follows successful integrations of various other banks over the years, increases Al Salam Bank’s balance sheet by 28% and aims to enhance its market share and service offerings. Both Al Salam Bank and KFH Group worked closely to ensure a swift financial close and are now focusing on a seamless integration process to maintain uninterrupted banking services for customers.
Banking, Financial Services,Bahrain, Kuwait
https://mergersacquisitions.einnews.com/article/711953061/wBQISqgCdt3rA9FG?ref=rss&ecode=Q1vNcweEggLWKz7L