Al Salam Bank Launches ASB Capital: A New Asset Management Firm in the DIFC with AUMs of USD 4.5 Billion
MANAMA, BAHRAIN / ACCESSWIRE / November 4, 2024 / Al Salam Bank, Bahrain's largest Islamic bank, announces the launch of ASB Capital, a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Headquartered in the Dubai International Financial Centre (DIFC), ASB Capital is shortly set for an official launch with AUMs of USD 4.5 billion.
The announcement was made on the sidelines of the Gateway Gulf Investment Forum held in the Kingdom of Bahrain on November 3 and 4, 2024.
ASB Capital introduces a diversified wealth and asset management platform that facilitates access to investment opportunities traditionally exclusive to institutional investors through an advanced suite of products integrating cutting-edge wealthtech solutions. With four distinct verticals, namely public markets, private markets, investment banking, and placement, ASB Capital is positioned to provide comprehensive investment solutions to High Net Worth Individuals (HNWIs), family offices, corporations, and institutional clients throughout the Middle East and Africa (MEA) region and beyond.
ASB Capital has entered into an exclusive partnership with one of the world's largest global asset manager to offer a specialized global equity fund to the markets. Additionally, ASB Capital will enter the Exchange Traded Fund (ETF) space by launching a suite of passive investment products in an exclusive collaboration with a leading global ETF provider. Moreover, ASB Capital plans to offer private markets products, including private equity, venture capital, real estate, and other innovative offerings in collaboration with established partners. These partnerships and investment solutions highlight ASB Capital's commitment to become a comprehensive financial solutions provider for the MEA region.
ASB Capital's robust regional focus addresses the growing demand for specialized asset management and advisory services. With two active sell-side investment banking mandates in the MEA region already secured, the firm is positioned to offer unique advisory services and insights in one of the world's most dynamic markets.
As part of Al Salam Bank Group, ASB Capital's position allows it to capitalize on synergies within banking, insurance, and other financial services complementing the Group's aspirations in the MEA region. ASB Capital is strategically aligned with the Bank's long-term growth objectives and aims to leverage the region's evolving financial landscape to build a sustainable asset management business. ASB Capital Services, the operational backbone of ASB Capital located in Bahrain, is positioned to support economic growth and reinforce Bahrain's status as a hub for Islamic finance and asset management.
ASB Capital will continue to increase AUMs in its aspiration to become one of the top 10 asset managers in the region, building a brand of excellence in asset and wealth management, while integrating the latest investment solutions to meet the evolving needs of clients.
Rafik Nayed, Al Salam Bank's Group CEO and ASB Capital's Managing Director, stated: "The launch of ASB Capital marks a pivotal step in our journey to provide comprehensive and market leading financial solutions for clients. ASB Capital is designed to diversify Al Salam Bank's operations, revenue streams, and provide a capital-efficient roadmap for regional expansion. The exclusive partnerships and collaborations in the funds and ETF space are early milestones that underscore our commitment to setting new standards for regional asset and wealth management offerings."
Contact:
Ahmed Bin Jamal
+973 17133573
SOURCE: Bahrain Economic Development Board
View the original press release on accesswire.com
Bahrain Economic Development Board
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Karbon-X and Hockey Canada Partner to Make Sustainability Part of Canada's Game12.11.2025 15:00:00 CET | Press release
The Canadian-based climate-solutions company joins forces with Hockey Canada to deliver measurable sustainability impact across national tournaments and community programs. CALGARY, AB / ACCESS Newswire / November 12, 2025 / Following Hockey Canada's announcement earlier this week, Karbon-X Corp. (OTCQX:KARX) ("Karbon-X" or the "Company") is proud to confirm its new partnership with Hockey Canada, becoming the organization's Official Sustainability Partner and advancing verified sustainability initiatives across one of the nation's most celebrated sports. The multi-year partnership integrates verified, measurable sustainability programs into Hockey Canada's national tournaments and grassroots registration, empowering players, fans, and communities across the country to take part in meaningful environmental initiatives. Together, the two organizations are uniting national pride with environmental purpose, showing that every game can leave a positive impact. Through the partnership, sele
Loar Holdings Inc. Reports Q3 2025 Record Results and Upward Revisions to 2025 Outlook and Full Year 2026 Outlook12.11.2025 14:30:00 CET | Press release
WHITE PLAINS, NY / ACCESS Newswire / November 12, 2025 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reports record results for the third quarter of 2025, upward revisions to 2025 outlook, and full year 2026 outlook. "The strong tailwinds of secular growth in commercial passenger traffic, immense backlogs at the airframe manufacturers, and global demand for defense products once again led us to a record quarter," stated Dirkson Charles, Loar CEO and Executive Co-Chairman of the Board of Directors. Third Quarter 2025 Net sales of $126.8 million, up 22.4% compared to the prior year's quarter. Net income of $27.6 million, up 218.9% compared to the prior year's quarter. Diluted earnings per share of $0.29, up 222.2% compared to the prior year's quarter. Adjusted EBITDA of $49.1 million, up 28.9% compared to the prior year's quarter. Net income margin for the quarter improved to 21.8% compared to the prior year's quarter of 8.4%. Adjusted EBITDA Margin for
Camino Announces C$5.6 Million Investment with Strategic Investors12.11.2025 12:00:00 CET | Press release
Not for distribution to United States newswire services or for release publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the United States. VANCOUVER, BC / ACCESS Newswire / November 12, 2025 / Camino Minerals Corporation (TSXV:COR)(OTCID:CAMZF) ("Camino" or the "Company") is pleased to announce that it is arranging a non-brokered private placement to raise total gross proceeds of approx. C$5.6 Million (the "Financing"). The Financing will consist of the issuance of 15,554,666 common shares of the Company (each a "Share") at a price per Share of C$0.36. Participants in the financing will include two significant new shareholders, EMX Royalty Corp. ("EMX") and Continental General Insurance Company ("CGIC"). Based in Austin, Texas, CGIC is one of the largest shareholders of Camino's partner, Nittetsu Mining. CGIC is a life and health insurance company founded in 1961, and is an active investor in producing and development-stage mining asse
Xsens Announces New Xsens Link for Motion Capture Across Humanoid Robotics, Health, Sports, and Entertainment12.11.2025 10:00:00 CET | Press release
Next-Generation motion capture from Xsens combines smarter sensors, seamless connectivity, and adaptive design to deliver precise, real-world motion data. ENSCHEDE, NL / ACCESS Newswire / November 12, 2025 / Xsens, a Movella brand and world leader in inertial motion capture technology, today announced the launch of the next-generation Xsens Link, an all-new motion capture system that redefines accuracy, usability, and versatility for users across industries. Redesigned from the ground up, the new Xsens Link delivers superior comfort, smarter data output, and minimal maintenance, empowering users to capture motion data with unprecedented speed and fidelity - whether in a robotics lab, film studio, or on the training field. "We've taken everything our customers love about Xsens and built the next generation around comfort, consistency, and flexibility," says Dennis Kloppenburg, product manager at Xsens. "From animators to athletes to robotics developers and researchers, The new Link deli
Air T Welcomes Creditor Support for Rex Acquisition11.11.2025 23:00:00 CET | Press release
MINNEAPOLIS, MINNESOTA / ACCESS Newswire / November 11, 2025 / Air T, Inc. (NASDAQ:AIRT) is pleased to announce that a majority of Rex's creditors-both in number and in value-have voted in favor of our bid to acquire Rex at the second meeting of creditors held on 11 November 2025. This strong endorsement reflects confidence in our vision for Rex and our commitment to regional aviation in Australia. We take our responsibilities under the proposed Deed of Company Arrangement seriously. We understand the Administrators intend to close the transaction by year-end, and we are working closely with all parties to ensure a smooth and timely completion. Air T is grateful for the support shown throughout this process and looks forward to finalizing the acquisition and beginning a new chapter for Rex and regional communities across Australia. NOTE REGARDING STAKEHOLDER QUESTIONS If you have questions related to this release or other Air T matters, please use our interactive Q&A capability, throug
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom