Latest news with #BahrainFinance
Arabian Business
29-05-2025
- Business
- Arabian Business
Al Salam Bank exits its 15.6% shareholding in Seef Properties
Al Salam Bank, the largest Islamic bank in Bahrain, said it has sold its 15.6 per cent stake in Seef Properties to GFH Financial Group, another Bahrain-based company. In a filing with Dubai Financial Market (DFM), where it is listed, Al Salam Bank said the exit forms 'part of a broader group optimisation strategy designed to expand and reinforce focus on core banking operations and its holdings in banking, takaful, and asset management'. Launched earlier this year with a starting AUM (assets under management) of US$4.5 billion, ASB Capital, the group's asset management arm, was appointed as sell-side advisor and mandated to assist in sourcing, structuring, and executing the exit of its significant minority stake in Seef Properties. Rafik Nayed, Group Chief Executive Officer of Al Salam Bank and Managing Director of ASB Capital, commented: 'This transaction represents our continued commitment to exit non-strategic holdings as part of a group-wide optimisation initiative. Aligned with our strategy, we are reallocating capital and focussing towards growing core banking operations and expanding our strategic holdings in banking, takaful, and asset management – sectors that offer long-term value and operational synergies within the context of the group. 'ASB Capital's role in facilitating the transaction underscores the strength of our expertise and execution capabilities in transaction advisory and capital markets. Backed by a strong pipeline from both local and regional institutional clients spanning private equity, syndications, capital instruments, and advisory services, ASB Capital is well-positioned to build on the growing momentum in regional deal activity.'
Zawya
20-05-2025
- Business
- Zawya
CBB 12 month treasury bills Issue No. 128 oversubscribed
RELATED TOPICS FINANCIAL SERVICES Manama, Bahrain – This week's BD 100 million issue of Government Treasury Bills has been oversubscribed by 139%. The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is 22nd May 2025, and the maturity date is 21st May 2026. The weighted average rate of interest is 5.12% compared to 5.03% of the previous issue on 17th April 2025. The approximate average price for the issue was 95.081% with the lowest accepted price being 94.823%. This is issue No. 128 (ISIN BH0002SG78H4) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
Zawya
18-05-2025
- Business
- Zawya
The BIBF and GFH Financial Group announce strategic collaboration
Manama – The Bahrain Institute of Banking and Finance (BIBF), the region's premier training and development provider, and GFH Financial Group (GFH), a leading Islamic financial institution headquartered in Bahrain, are proud to announce a strategic partnership to develop a groundbreaking book on Islamic Capital Markets. This collaboration underscores both organizations' commitment to advancing knowledge, fostering innovation, and strengthening Bahrain's position as a global financial hub. The project, a comprehensive book, aims to provide an authoritative resource on Islamic capital markets, blending academic rigor with practical insights. The book will feature various chapters and relevant case studies, with a focus on real-world applications. The book will serve as a vital resource for professionals and institutions, reinforcing Bahrain's leadership in Islamic finance education and innovation. The BIBF's Chief Executive Officer, Dr. Ahmed Al Shaikh, commented: 'We are thrilled to partner with GFH Financial Group on this transformative project. This collaboration aligns with our mission to deliver world-class education and thought leadership in Islamic finance. By combining the BIBF's expertise in training and advisory with GFH's pioneering contributions to the industry, we aim to produce a definitive resource that will empower professionals globally.' GFH Financial Group's Chief Operating Officer, Mr. Salah Sharif, added: 'GFH is proud to support this initiative, which reflects our commitment to fostering innovation and sustainable growth in Islamic finance. By contributing our real-world insights and expertise, we aim to create a lasting impact on the global financial community while reinforcing Bahrain's role as a leading financial hub.' The book is expected to be completed by the end of 2025 and will be distributed to academic institutions, financial organisations, and industry stakeholders worldwide. For more information about the project or to inquire about collaboration opportunities, please contact islamicfinance@ or call 17815555. About the BIBF The Bahrain Institute of Banking and Finance (BIBF) is the leading provider of education and training in the region, established in 1981 under the Central Bank of Bahrain. With a commitment to enhancing human capital, the BIBF serves not only Bahrain but also extends its reach to 64 countries worldwide, solidifying its global presence. The BIBF is dedicated to delivering excellence across a broad spectrum of business disciplines. It partners with numerous international institutions to offer thought leadership, assessment, and training in key areas, including: Banking and Finance Islamic Banking Executive Education Accounting and Finance Academic Studies Leadership and Management Insurance Digital Transformation and Project Management For more information, please contact the Marketing and Corporate Communications Department at: Email: media@ Website: About GFH Financial Group B.S.C. GFH Financial Group, licensed as an Islamic wholesale bank by the Central Bank of Bahrain and headquartered at GFH House, P.O. Box 10006, Manama Sea Front, Kingdom of Bahrain is one of the most recognised financial groups in the Gulf region. Its businesses include Investment Management, Treasury & Proprietary Investments, Commercial Banking and Real Estate Development. The Group's operations are principally focused across the GCC, North Africa and India, along with strategic investments in the U.S., Europe and U.K. GFH is listed on four stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) where it is one of the most liquid and actively traded stocks. For more information, please visit GFH Financial Group Nawal Al Naji Senior Manager - Corporate Communications Email: Nalnaji@
