#Bahrain #Manama #Al Salam Bank #ASB Capital

Al Salam Bank Celebrates ASB Capital's First-Year Growth

On the sidelines of the Gateway Gulf 2025 Forum held in Bahrain, Al Salam Bank proudly celebrates the one-year anniversary of its asset management and investment banking division, ASB Capital. Launched in the fourth quarter of 2024 during the Gateway Gulf 2024 event, ASB Capital has achieved impressive growth, marking an increase of 30% in its assets under management (AUM) to reach USD 5.8 billion.

Over the past year, ASB Capital has introduced an array of innovative investment products designed to cater to diverse client needs and market dynamics. Noteworthy among these offerings are the ASB State Street Global Equity Fund, ASB MENA Equity Fund, ASB Technology Fund, and ASB Sukuk Fund, which provide clients with exposure to a mixture of local and international markets. This thoughtful diversification strategy reflects a keen response to the evolving investment landscape, thus enhancing the client experience and potential returns.

Throughout its inaugural year, ASB Capital has actively engaged in significant capital markets activities within the region. The firm has played a pivotal role in issuing over USD 2 billion in various offerings that include notable issuances from Bapco Energies, Kuwait International Bank, and Solidarity Bahrain. These successful endeavors underscore ASB Capital's growing influence and strategic positioning in a competitive market.

Looking ahead to the future, ASB Capital prepares for the upcoming launch of the XASB Sukuk ETF, developed in partnership with Xtrackers by DWS. This initiative aims to broaden accessibility to fixed-income investments, further reinforcing ASB Capital's commitment to innovation and enhanced service offerings in asset management.

During the recent press briefing at the Gateway Gulf Forum, Rafik Nayed, the Group CEO of Al Salam Bank and Managing Director of ASB Capital, remarked that the initial year of ASB Capital represents a crucial chapter in Al Salam Bank’s continuous growth journey. He stated, “Our priority has centered on building trust, strengthening client relationships, and expanding our investment offerings. The growth in our AUM, the introduction of new funds, and the successful execution of capital market transactions all confirm our dedication to delivering value to our clients.”

ASB Capital's ongoing success and growth reflect Al Salam Bank's strategic blueprint to leverage Bahrain’s robust financial ecosystem, thereby scaling operations across the region. As both entities continue to advance their holistic client-centered financial solutions—including banking, asset management, and investment advisory—they stand ready to meet the diverse needs of their clientele.

The journey of ASB Capital is not merely a tale of numbers but a commitment towards fostering financial well-being through trusted advisory and innovative investment avenues. As it embarks on its second year, ASB Capital is well-positioned to unlock new opportunities, driving forward its mission of offering comprehensive and tailored solutions to its expanding global client base.