Al Salam Bank wants 20% growth
United Arab Emirates: Thursday, March 27 - 2008 at 12:13
Al Salam Bank-Bahrain, which yesterday listed its shares on the Dubai Financial Market, has said it expects its profits to grow by between 20% and 25% a year. The bank's deputy chairman said it plans to expand into more Arab and Islamic countries, on top of previously stated plans to set up in Europe within two years. The bank has close ties with Emaar Properties, and there is likely to be increased cooperation between the two in future.
Also consider reading:
- » Albaraka pays out $106m dividend
- » $321bn Islamic bank to launch
- » Go electronic says HSBC
- » Bank Audi sets up in Qatar
- » Ithmaar to list in Kuwait bourse
- » ABC to hike capital by $500m
- » Islamic bank eyes Qatar
- » HSBC launching Shariah investment note
- » Ithmaar lists on Kuwait Exchange
- » NBK plans Islamic bank in Switzerland
StaffThursday, March 27 - 2008 at 12:13 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Browse related articles


Web Feeds