Al Salam Bank B.S.C. (BAX:SALAM) acquired additional 15.7% stake in Al Salam Bank-Algeria on June 21, 2023. Al Salam Bank stake increased from 37.43% to 53.13%, following the purchase of shares from various shareholders.

Al Salam Bank B.S.C. (BAX:SALAM) completed the acquisition of additional 15.7% stake in Al Salam Bank-Algeria on June 21, 2023. In related transaction Al Salam Bank B.S.C. has binding commitments at agreed pricing terms from other shareholders to acquire further 14.90% and The Total Consideration is BHD 18.45 million.