Al Salam Bank Sponsors Asian Youth Para Games 2021

Press release
Published December 7th, 2021 - 10:05 GMT
Al Salam Bank Sponsors Asian Youth Para Games 2021
During the event
Highlights
Al Salam Bank announced its sponsorship of the Bahrain 2021 Asian Youth Para Games, the biggest sporting event held for people of determination

Al Salam Bank announced its sponsorship of the Bahrain 2021 Asian Youth Para Games, the biggest sporting event held for people of determination, under the patronage of His Highness Shaikh Nasser bin Hamad Al Khalifa, Chairman of the Supreme Council for Youth and Sport. The Games are being held for the first time in the Kingdom of Bahrain between the 27th of November and the 8th of December, with events scheduled at several sports facilities in Bahrain, including Isa Town Sports City and Khalifa Sports City.

The sporting event, organized for athletes under 20 years of age, will host participants from across Asia as well as 1800 referees, and over 700 volunteers. The athletes will be participating in 9 different sporting activities, namely, athletics, volleyball, goalball, boccia, weightlifting, swimming, table tennis, taekwondo and wheelchair basketball.

Commenting on the occasion, Rafik Nayed Group Chief Executive Officer at Al Salam Bank, said “We are pleased to be partnering with the Bahrain Paralympic Committee to sponsor this event, Al Salam Bank has always been committed to supporting national initiatives that aim to elevate the Kingdom’s standing in various platforms, particularly with sporting events for people with determination.”

The Bahrain 2021 Asian Youth Para Games shoulders several honourable objectives, including building an athletic legacy for Paralympic games through outreach programs, providing competitive opportunity to improve athleticism, offering educational opportunities for athletes, working to develop players with determination, and strengthening rapport between teams.

Background Information

Al Salam Bank

Al Salam Bank-Bahrain B.S.C (ASBB) is an Islamic bank headquartered in the Kingdom of Bahrain, and licensed and regulated by the Central Bank of Bahrain.

ASBB was established on 19 January 2006 in the Kingdom of Bahrain with paid-up capital of BD 120 million (US$ 318 million) and commenced commercial operations on 17 April 2006. The Bank was listed on Bahrain Bourse on 27 April 2006 and subsequently on the Dubai Financial Market (DFM) on 26 March 2008.

ASBB completed its merger with the Bahraini Saudi Bank (BSB) on 22 December 2011. On 2 February 2014, Al Salam Bank-Bahrain and BMI Bank B.S.C. (c) confirmed the conclusion of a business combination between the two institutions after obtaining the approval of their shareholders at their respective extraordinary general assembly meetings, and of 30 March 2014 BMI Bank became a wholly owned subsidiary of ASBB.

ASBB offers its customers a comprehensive range of innovative and unique Shari’a-compliant financial products and services through an extended network of branches and ATMs, utilizing the state-of-art technologies to meet various banking requirements. In addition to its retail banking services, the Bank also offers Corporate Banking, Private Banking, Asset Management and Treasury services. The Bank's high-caliber management team is comprised of highly qualified and internationally experienced professionals with proven expertise in key areas of banking, finance, and related fields.

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