#Bahrain #Manama #Al Salam Bank #ASB Capital #Gate Gulf

Al Salam Bank Celebrates ASB Capital's First Anniversary

On November 2, 2025, Al Salam Bank, a prominent financial institution in Bahrain, celebrated the first anniversary of its asset management firm, ASB Capital, during the Gateway Gulf 2025 Forum. This milestone marks a successful year of growth and innovation, with ASB Capital managing an impressive $5.8 billion in assets.

Launched in November 2024, ASB Capital has swiftly established itself as a significant player within the financial landscape of the region. The firm has witnessed a remarkable 30% increase in assets under management, reflecting the growing trust of a diverse, global clientele. This surge in assets is accompanied by a series of new investment products tailored to meet the needs of a dynamic market. These include the ASB State Street Global Equity Fund, ASB MENA Equity Fund, ASB Technology Fund, and ASB Sukuk Fund, each designed to provide clients with a variety of options and access to both global and regional markets.

Over the past year, the firm has also intensified its advisory and portfolio management mandates, expanding discretionary and non-discretionary portfolios aimed at high-net-worth individuals, family offices, corporations, and institutional clients. ASB Capital's integrated ecosystem within Al Salam Bank has not only bolstered its investment operations but has also facilitated access to capital markets, aiding several regional projects with a combined value exceeding $2 billion.

In 2025, ASB Capital played a pivotal role in regional bond issuances, including transactions with notable entities such as Bapco Energies, Kuwait International Bank, and Solidarity Bahrain. The firm is gearing up for the launch of its ETF, XASB Sukuk, in collaboration with Xtrackers by DWS, signaling its commitment to expanding access to fixed-income investments and further enhancing its innovative asset management approach.

Rafik Nayed, the Group CEO of Al Salam Bank and the Managing Director of ASB Capital, remarked, “The successful first year of ASB Capital signifies a turning point in our long-term growth narrative. Our commitment to building trust, enhancing client relationships, and expanding our investment offerings has been unwavering. The growth in our assets under management, along with the debut of new funds and our notable successes in the financial markets, underscores our dedication to adding value for our clients.”

ASB Capital's robust performance and strategic positioning are further complemented by the strong financial ecosystem of Bahrain. The firm is poised to continue its expansion across regional operations, aligning with its vision to offer comprehensive, client-centric financial solutions spanning banking, asset management, and investment advisory services.

As ASB Capital looks to the future, its foundational commitment remains clear: to identify and harness new opportunities that drive sustainable growth while contributing meaningfully to the economic landscape of the region. Its first year may have been a significant accomplishment, but the ambitious trajectory suggested by its plans promises even greater achievements in the years to come.

In conclusion, ASB Capital’s first anniversary not only highlights its achievements but also sets the stage for future innovations and growth in the competitive financial market of the Middle East.