Monday 03, February 2014 by Matthew Amlôt

Al Salam Bank and BMI Bank conclude business combination

Al Salam Bank Bahrain (ASBB) and Bahraini retail and commercial banking institution, BMI Bank, concluded their business combination after the shareholders of both entities approved the business combination in their respective extraordinary general assembly meetings, and to start issuing new shares to increase Al Salam Bank’s capital by issuing 643,866,927 new ordinary shares at the value of 100 fils per share for BMI Bank’s shareholders, as per the resolutions taken by their EGM’s.

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