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Al Salam Bank Bahrain sponsors EnviroArabia 2007
- Bahrain: Saturday, April 21 - 2007 at 14:31
- PRESS RELEASE
Al Salam Bank Bahrain, one of the promissing recent entrants into the region's Islamic banking sector, has announced its platinum sponsorship of 'EnviroArabia 2007', a conference focused on environmental progress in the oil & petrochemical industries.
Al Salam Bank-Bahrain has sponsored the conference as part of its programme of contributing and adding value to the social and economic well-being of the local communities.
The EnviroArabia conference is a biennial gathering of professionals, producers and experts dealing with environmental issues and research to discuss progress made in industries across the world through expert opinion in this specialized subject and will be looking to make progress towards protecting the environment for a sustainable and secure future in the region.
Mr. Yousif Taqi, Chief Executive Officer of Al Salam Bank said, "In addition to being able to contribute to the community through sponsoring EnviroArabia 2007, the event is also particularly relevant to some of the Bank's areas of investment - in particular, alternative sources of energy and petrochemicals. The exposure we gain through sponsoring and participating in events is of great value to Al Salam Bahrain, allowing us to enrich the bank's knowledge and exposure to opportunities within this industry."
As the Bank enters its second year, it is already addressing environmental issues relevant to the industries in which its investments are focused. This forms a part of Al Salam Bank-Bahrain's strategy to improve the future of the next generation.
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Notes and media contacts
For further information, kindly contact Suhair Al-AjjawiCorporate Communications Manager
Office: +973 17560090
Al-Salam Bank was established on 19th January 2006 in the Kingdom of Bahrain with a paid-up capital of BD 120 million (US$ 318 million). Al-Salam Bank Bahrain BSC operates under an Islamic banking licence issued by the Central Bank of Bahrain. The Bank's Initial Public Offering (IPO) of 35 per cent of the paid-up capital, which closed in March 2006, raised over BD 2.7 billion (US$ 7 billion) and was the largest IPO in the Kingdom's history. The Bank was listed on the Bahrain Stock Exchange on 27 April 2006.
The founding shareholders of Al-Salam Bank hold 65 per cent of the paid-up capital. They include Emaar Properties, Amlak Finance, Dubai Investment Group, Dubai Holding, Global Investment House, Lebanese Canadian Bank, Al Salam Bank (Sudan), and Dubai Islamic Insurance and Reinsurance Company (Aman).
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Posted by Lara Lynn Golden, News Editor
