Al Salam Bank B.S.C. completed the acquisition of Consumer Banking Business of Ithmaar/Bank of Bahrain and Kuwait B.S.C./Solidarity Group Holding from Ithmaar Holding B.S.C. for $2.2 billion.
Al Salam Bank B.S.C. (BAX:SALAM) completed the acquisition of Consumer Banking Business of Ithmaar/Bank of Bahrain and Kuwait B.S.C./Solidarity Group Holding from Ithmaar Holding B.S.C. (BAX:ITHMR) for $2.2 billion on July 7, 2022. Al Salam Bank was advised by KPMG Fakhro and Trowers and Hamlins acted as legal counsel.