Al Salam Bank launches unit to communicate effectively with investors

"This initiative is considered a quality shift in the Bank's support services and comes along the various initiatives that the Bank undertakes and consistent with the Top Management's objectives to improve performance and presents the best possible of high quality services that would eventually achieve the Bank's vision of becoming a pioneering and competitive bank in the region,", Dr. Hassan Al-Bastaki, Al Salam Bank's Executive Vice President and Head of Operation, IT and Support Services Group, said in a statement today.

He affirmed that this initiative aims at fulfilling the ambitions of the Bank and affirms its keenness to introduce new approaches capable of providing high-standard services to its shareholders and clients. He pointed out the unit will essentially be dedicated to serve both current and potential shareholders by apprising them on the Bank's activities and its future plans and prospects.

Dr. Al-Bastaki said the IR Unit will form a one-stop point through which shareholders will be able to receive all information relevant to their interests along with answers to their inquiries. "The Unit will concentrate initially on developing the IR section on the Bank's web site as well as issuing a monthly report that would document the Bank's shares movement at the Bahrain Stock Exchange (BSE) and at other stock markets which the Bank's shares will be listed on in the future," he added.

The multi-task Unit will also provide the shareholders with regular press releases which will be dispatched concurrently to the shareholders, the press and the pertinent official parties including the Central Bank of Bahrain and the BSE and other stock markets of interest. Quarterly and annual reports along with numerous other specialized services will also be provided to the shareholders.

Dr. Al-Bastaki said that the Investor Relations Unit will form a liaison point between the Bank's administration and executive bodies on one side and the shareholders on the other. The launch of such a vital unit comes in line with the Bank's strategy and plans to improve performance and provide high quality services to the shareholders, Dr. Al-Bastaki affirmed.

Meanwhile, Dr. Al-Bastaki pointed out that the Bank has appointed Mr. Adnan Alshaikh recently as Manager of the Investor Relations Unit with several targets to achieve by providing all possible means to create the suitable environment to communicate with the investors and shareholders and meet their requirements along with upgrading the level of communications between the Bank's Management and the shareholders.

Alshaikh has been in the media and Public Relations fields for the past 24 years, during which he held a number of posts mainly as Director of the Information Office at the Bahrain Embassy in the United Kingdom and Head of Public Relations and Community Service at the Ministry of Works and Housing.