- Launched in This fall 2024 throughout Gateway Gulf 2024 in Bahrain
- Belongings beneath administration (AUM) have grown 30% to USD 5.8 billion.
- Launched various funding merchandise together with the ASB State Road International Fairness Fund, ASB MENA Fairness Fund, ASB Expertise Fund, and ASB Sukuk Fund.
- Performed a key position in regional issuances with complete dimension in extra of USD 2 billion
- Scheduled to launch the XASB Sukuk ETF.
MANAMA, Bahrain, Nov. 3, 2025 /PRNewswire/ — Al Salam Financial institution (Buying and selling Code: SALAM on Bahrain Bourse; SALAM_BAH on Dubai Monetary Market), one of many quickest rising monetary teams within the area, celebrates the one-year anniversary of its asset administration and funding banking arm, ASB Capital, marking a yr of regular development, product innovation, and regional growth since its launch in 2024 throughout Gateway Gulf in Bahrain.
Rafik Nayed, Al Salam Financial institution Group CEO and ASB Capital Managing Director
Launched in November 2024, ASB Capital at this time manages USD 5.8 billion in belongings, reflecting the belief of a rising international shopper base. Over the previous yr, the agency has strengthened its presence with the launch of a number of funding options, together with the International Fairness Fund in partnership with State Road, MENA Fairness Fund, Expertise Fund, and Sukuk Fund, offering purchasers with diversified entry to international and regional markets.
The previous yr additionally witnessed vital momentum throughout ASB Capital’s advisory and portfolio administration mandates, increasing each discretionary and non-discretionary portfolios for high-net-worth people, household places of work, corporates, and institutional purchasers.
As a part of Al Salam Financial institution’s built-in monetary providers ecosystem, ASB Capital has been instrumental in driving the Group’s funding and capital markets actions. In 2025, the agency was instrumental in a number of regional issuances together with Bapco Energies, Kuwait Worldwide Financial institution, and Solidarity Bahrain. On this area, a number of mandates have additionally been signed since then, reflecting ASB Capital’s strategic place within the regional panorama.
ASB Capital can be scheduled to launch XASB Sukuk ETF in partnership with Xtrackers by DWS, broadening entry to fixed-income investments and reinforcing ASB Capital’s innovation-led method to asset administration.
On the sidelines of the Gateway Gulf Discussion board, Rafik Nayed, Al Salam Financial institution Group CEO and ASB Capital Managing Director, commented: “ASB Capital’s first yr marks a pivotal chapter in Al Salam Financial institution’s long-term development story. Our focus has been on constructing belief, deepening shopper relationships, and increasing our funding choices. The expansion in AUM, the launch of latest funds, and the success of our capital markets transactions all replicate our dedication to delivering worth to our purchasers. ASB Capital stands at this time as one of many area’s main asset and wealth administration companies, and we stay centered on unlocking new alternatives.”
Each Al Salam Financial institution and ASB Capital proceed to leverage Bahrain’s sturdy ecosystem to scale their operations regionally, advancing their shared imaginative and prescient of offering holistic, client-centric monetary options throughout banking, asset administration, and funding advisory.
