Since establishment in March 2007 the company has been paying cash dividends on a quarterly basis to its shareholders amounting to an annualized shareholder return of 9.5%.
Al Salam Leasing Two Ltd is an investment vehicle managed by Al Salam Bank - Bahrain on behalf of its investors.
The company owns a leasehold interest in a 1999 Boeing 777-200 ER which has been sub-leased to Malaysian Airlines Capital Limited.
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Al Salam Leasing Two Ltd pays 9.5% dividend
- Bahrain: Saturday, April 04 - 2009 at 16:17
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Al Salam Leasing Two Ltd announced its seventh quarterly cash dividend distribution to its shareholders.
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Posted by Rana MesbahSaturday, April 04 - 2009 at 16:17 UAE local time (GMT+4)
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About Al Salam Bank-Bahrain:
Incorporated on 19 January 2006 in the Kingdom of Bahrain with a paid-up capital of BD120m ($318m), Al Salam Bank-Bahrain (B.S.C.) commenced commercial operations on 17 April 2006. The Bank operates under Islamic principles in accordance with regulatory requirements for Islamic banks set by the Central Bank of Bahrain.
The Bank's Initial Public Offering, comprising 35% of the paid-up capital, raised over BD2.7bn ($7bn) and was the largest IPO in the Kingdom's history. Al Salam Bank-Bahrain was listed on the Bahrain Stock Exchange on 27 April 2006, and subsequently on the Dubai Financial Market on 26 March 2008.
The Bank's high-caliber management team comprises highly qualified and internationally experienced professionals with proven investment expertise in key areas of banking, finance and related fields. Management and staff are supported by a world-class Information Technology (IT) infrastructure and the latest 'smart' working environment.
Al Salam Bank-Bahrain is committed to adopting internationally recognized standards and best practices and operates with the highest levels of integrity, transparency and trust.
The Bank is equally committed to its role as a concerned corporate citizen, actively seeking ways to contribute and add value to the social and economic well-being of the local communities in which it invests and operates.
The Bank reported a net profit of BD25.5m($67.6m) for the year ended 31 December 2008, up from BD23.1m ($61.3m) reported in 2007. The Bank's total assets at 31 December 2008 reached BD554m ($1,470m) from BD398m ($1,056m) at 31 December 2007.
For further information, please contact:
Adnan Alshaikh
Senior Manger
Corporate Communications
Tel: +973 17560166
Fax: +973 17560003
Incorporated on 19 January 2006 in the Kingdom of Bahrain with a paid-up capital of BD120m ($318m), Al Salam Bank-Bahrain (B.S.C.) commenced commercial operations on 17 April 2006. The Bank operates under Islamic principles in accordance with regulatory requirements for Islamic banks set by the Central Bank of Bahrain.
The Bank's Initial Public Offering, comprising 35% of the paid-up capital, raised over BD2.7bn ($7bn) and was the largest IPO in the Kingdom's history. Al Salam Bank-Bahrain was listed on the Bahrain Stock Exchange on 27 April 2006, and subsequently on the Dubai Financial Market on 26 March 2008.
The Bank's high-caliber management team comprises highly qualified and internationally experienced professionals with proven investment expertise in key areas of banking, finance and related fields. Management and staff are supported by a world-class Information Technology (IT) infrastructure and the latest 'smart' working environment.
Al Salam Bank-Bahrain is committed to adopting internationally recognized standards and best practices and operates with the highest levels of integrity, transparency and trust.
The Bank is equally committed to its role as a concerned corporate citizen, actively seeking ways to contribute and add value to the social and economic well-being of the local communities in which it invests and operates.
The Bank reported a net profit of BD25.5m($67.6m) for the year ended 31 December 2008, up from BD23.1m ($61.3m) reported in 2007. The Bank's total assets at 31 December 2008 reached BD554m ($1,470m) from BD398m ($1,056m) at 31 December 2007.
For further information, please contact:
Adnan Alshaikh
Senior Manger
Corporate Communications
Tel: +973 17560166
Fax: +973 17560003
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