Al Salam Bank launches ASB Capital in DIFC with $4.5 billion in assets under management

Al Salam Bank of Bahrain has announced the establishment of its subsidiary ASB Capital, an asset management company based in the Dubai International Financial Centre (DIFC). Licensed by the Dubai Financial Services Authority, ASB Capital starts with assets under management estimated at $4.5 billion. The launch, formalized at the Gateway Gulf Investment Forum, marks a significant milestone for the group, aiming to meet the growing demand for asset management in the Middle East and Africa region.

ASB Capital offers a diversified platform spanning public and private markets, investment banking and investments. It collaborates with international partners to offer specialized funds, particularly in the field of exchange-traded funds. The objective is to become a major provider of financial solutions in the region, leveraging the synergies of the Al Salam Bank Group.