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SAL
Press release
SALAM_BAH
·
AE
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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Attachments
ASB Capital Advisor
Qatar Index
10,294.94
-0.4%
DFM Index
5,767.77
+0.7%
TASI
10,937.00
-0.5%
Emirates NBD
26.86
+0.5%
Dubai Electricity & Water Authority
2.61
+1.6%
EMAAR
11.34
+0.2%
EMAARDEV
13.96
+2.3%
ADNOC GAS
3.28
+0.6%
First Abu Dhabi Bank
16.40
+0.7%
Emirates Telecom
18.70
+1.1%
Abu Dhabi Commercial Bank
13.08
-1.8%
ALRAJHI
66.65
0.0%
MAADEN
61.10
-3.2%
SNB
39.00
-0.4%
SABIC
55.85
-0.2%
Boubyan Bank
0.65
-0.3%
GULF BANK
0.34
0.0%
Commercial Bank Of Kuwait
0.49
-0.2%
Burgan Bank
0.19
-1.0%
QNB
17.11
-1.1%
Industries Qatar
11.76
-1.3%
Qatar Islamic Bank
21.50
-0.7%
Ooredoo
13.58
-0.7%
Qatar Index
10,294.94
-0.4%
DFM Index
5,767.77
+0.7%
TASI
10,937.00
-0.5%
Emirates NBD
26.86
+0.5%
Dubai Electricity & Water Authority
2.61
+1.6%
EMAAR
11.34
+0.2%
EMAARDEV
13.96
+2.3%
ADNOC GAS
3.28
+0.6%
First Abu Dhabi Bank
16.40
+0.7%
Emirates Telecom
18.70
+1.1%
Abu Dhabi Commercial Bank
13.08
-1.8%
ALRAJHI
66.65
0.0%
MAADEN
61.10
-3.2%
SNB
39.00
-0.4%
SABIC
55.85
-0.2%
Boubyan Bank
0.65
-0.3%
GULF BANK
0.34
0.0%
Commercial Bank Of Kuwait
0.49
-0.2%
Burgan Bank
0.19
-1.0%
QNB
17.11
-1.1%
Industries Qatar
11.76
-1.3%
Qatar Islamic Bank
21.50
-0.7%
Ooredoo
13.58
-0.7%