Important Notice: Bahraini Saudi Bank (BSB) has been merged with Al Salam Bank. Former BSB customers should now use Al Salam Bank’s digital banking services.
Merger History
Bahraini Saudi Bank B.S.C. was established in 1983 with paid-up capital of BD 20 million, equally held between Bahraini and Saudi shareholders. The bank’s majority shares were acquired by Al Salam Bank Bahrain in 2009, making BSB a subsidiary.
The formal merger was completed through a shareholders resolution dated March 20, 2019. BSB shares were swapped at an exchange ratio of 0.8595 Al Salam Bank shares for every 1 BSB share. The share swap deadline was December 26, 2021.
For Former BSB Customers
If you were a Bahraini Saudi Bank customer, your accounts have been transitioned to Al Salam Bank. The bank now operates as an Islamic bank offering Shari’a-compliant products.
Timeline
- 1983: Bahraini Saudi Bank established
- 2009: Al Salam Bank acquired majority shares, BSB became subsidiary
- March 2019: Merger approved by shareholders
- December 2021: Share swap deadline for remaining shareholders
- Present: BSB operations fully integrated into Al Salam Bank
Stock Information
Bahraini Saudi Bank was previously listed on the Bahrain stock exchange under ticker symbol BSBB. Following the merger, shareholders should have converted their holdings to Al Salam Bank shares.
Contact Al Salam Bank
Al Salam Bank Website:
www.alsalambank.com
Share Registrar:
Bahrain Clear (for share swap inquiries)
Location:
Manama, Kingdom of Bahrain
Frequently Asked Questions
What happened to Bahraini Saudi Bank?
Bahraini Saudi Bank was acquired by Al Salam Bank in 2009 and formally merged in 2019. BSB no longer operates as an independent bank.
Where are my BSB accounts now?
Former BSB accounts have been transitioned to Al Salam Bank. Contact Al Salam Bank for access to your accounts through their online and mobile banking platforms.
What was the share exchange ratio?
BSB shares were exchanged at 0.8595 Al Salam Bank shares for every 1 BSB share, pursuant to the March 2019 shareholders resolution.
Is Al Salam Bank an Islamic bank?
Yes, Al Salam Bank is an Islamic bank offering Shari’a-compliant products and services. BSB also transitioned to Islamic banking before the merger.
Last Updated on January 3, 2026
URL: https://log-in.me/bahrainisaudibank-manama-bahrain/