#Bahrain #Manama #Al Salam Bank #ASB Capital

Al Salam Bank Celebrates the Success of ASB Capital at Gateway Gulf 2025 Forum

On November 3, 2025, Al Salam Bank celebrated the first anniversary of its asset management and investment banking arm, ASB Capital, during the esteemed Gateway Gulf 2025 Forum held in Bahrain. This event marked a significant achievement for the financial institution, which has experienced remarkable growth since ASB Capital's inception in the fourth quarter of 2024. With assets under management (AUM) reaching a staggering $5.8 billion, the bank's commitment to innovation and client satisfaction has become evident.

Growth and Product Innovation

ASB Capital has successfully increased its AUM by 30% within the year, a testament to the confidence placed in the firm by an expanding global client base. The year was characterized by the introduction of several investment products designed to cater to diverse client needs. Notable among these are the ASB State Street Global Equity Fund, ASB MENA Equity Fund, ASB Technology Fund, and ASB Sukuk Fund, each providing clients with expansive access to both global and regional markets.

Furthermore, ASB Capital has solidified its position within the investment advisory sector, enhancing both discretionary and non-discretionary portfolios for high-net-worth individuals, family offices, corporations, and institutional clients. This strategy has allowed ASB Capital to broaden its reach and presence in a competitive industry.

Role in Capital Markets

ASB Capital has also played a pivotal role in the capital markets landscape of the region. In 2025, the firm was involved in regional issuances exceeding $2 billion, assisting various entities, including Bapco Energies, Kuwait International Bank, and Solidarity Bahrain, in their fundraising efforts. This success reflects ASB Capital's strategic importance in the regional financial ecosystem, driven by its extensive expertise in handling complex market transactions.

Looking ahead, ASB Capital is set to launch the XASB Sukuk ETF in collaboration with Xtrackers by DWS. This innovative product aims to broaden investment access to fixed-income opportunities, demonstrating ASB Capital's commitment to providing cutting-edge financial solutions in asset management.

Statements and Future Outlook

During the Gateway Gulf 2025 Forum, Rafik Nayed, CEO of Al Salam Bank Group and Managing Director of ASB Capital, shared thoughts on the milestone. He remarked, "The first anniversary of ASB Capital marks a crucial point in Al Salam Bank's long-term growth trajectory. We have focused on building trust, strengthening client relationships, and expanding our investment offerings. The growth in AUM, the launch of new funds, and our success in capital markets highlight our dedication to delivering value to our clients."

In addition, Nayed emphasized ASB Capital's position as a leading asset management firm in the region and reaffirmed the company's focus on exploring new opportunities.

Both Al Salam Bank and ASB Capital are leveraging Bahrain's robust financial ecosystem to enhance their regional operations, aligning with their shared vision of providing comprehensive and client-centric financial solutions across banking, asset management, and investment advisory services. With ongoing dedication to innovation and growth, ASB Capital looks ahead to future successes and expanding its influence in the asset management space.



As Al Salam Bank continues its journey, the success of ASB Capital serves as a clear indication of the bank's commitment to excellence in the financial services industry, paving the way for further advancements in the investment and banking sectors of Bahrain and beyond.