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[2008-02-29] Al Salam Bank Sudan to place shares in the UAE stock market
In line with the Al Salam Bank's strategy for development and growth across the region and strengthen the bank's position internationally and globally, Al Salam Bank Sudan announces that it will place shares in the UAE stock market.
Al Salam Bank Sudan is the largest and most influential bank in Khartoum's stock market due to the unique banking services offered to the bank's clients.
The concept behind the establishment of the bank came together through the cooperation of Emirati, Gulf and Sudanese initiatives. The Bank commenced its operation on the 25th of May 2005, with a capital of $100m.
Al Salam Bank Sudan was the first bank in Sudan to set up a fund dedicated to real estate investments; the Al Salam First Property Fund provides the bank's clients investment opportunities in the Sudanese real estate market with a projected annual leasing dividend of at least 10%.
