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Press release | premargin

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Qatar Index10,685.71+0.1%

DFM Index5,810.36-0.1%

TASI11,120.45-1.1%

Emirates NBD29.86+0.7%

Dubai Electricity & Water Authority2.66-0.4%

12.32

-0.6%

EMAARDEV15.10-0.7%

ADNOC GAS3.14-0.3%

First Abu Dhabi Bank17.80-1.0%

Emirates Telecom19.060.0%

Abu Dhabi Commercial Bank12.80-2.9%

ALRAJHI68.70-2.2%

MAADEN67.00-1.6%

SABIC57.20-1.4%

Boubyan Bank0.68-0.1%

GULF BANK0.34+0.9%

Commercial Bank Of Kuwait0.49-0.4%

Burgan Bank0.200.0%

Industries Qatar12.30+1.2%

Qatar Islamic Bank22.98+0.3%

Ooredoo13.27-0.3%

Press release

SALAM_BAH·DFM·Disclosure·April 23, 2026·View on exchange

AI Summary

Al Salam Bank announced the sale of its 20.94% stake in Kenya-based Gulf African Bank as part of a strategy to focus on core markets.
ASB Capital, the bank's asset and wealth management arm, served as the sell-side advisor for the transaction.
The exit follows a reported 30.2% increase in the bank's 2025 net profit, which reached USD 203.8 million.
The bank's total assets grew 14% year-on-year to USD 21.36 billion by the end of 2025.

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ASB Capital Advisor