- Advised and structured transactions worth over USD 2 billion.
- Joint Lead Manager for Bapco Energies’ USD 1 billion Sukuk.
- Sole Advisor and Bookrunner for Al Salam Bank’s USD 450 million AT1.
- Led USD 114 million Tier 2 issuance for Solidarity Bahrain.
- Joint Lead Manager and Bookrunner for KIB’s USD 300 million Tier 2 Sukuk.
- Mandated for upcoming regional issuances of more than USD 2 billion.
MANAMA, Bahrain, 3 November 2025 – Al Salam Bank (Trading Code: SALAM on Bahrain Bourse; SALAM_BAH on Dubai Financial Market), one of the fastest growing financial groups in the region, and its asset management arm, ASB Capital, continue to solidify their position as leading arrangers and advisors in regional debt capital markets. Over the past year, both institutions have successfully executed a series of landmark Sukuk and capital issuances, reaffirming their status as trusted partners for both issuers and investors across the region.
Anchored by a robust capital-raising framework and deep regional insight, ASB Capital has advised and structured transactions exceeding USD 2 billion in aggregate value. Among the year’s highlights was the successful USD 1 billion Sukuk issuance for Bapco Energies, where ASB Capital acted as Joint Lead Manager, demonstrating the firm’s ability to deliver complex and high-profile mandates. This was followed by Al Salam Bank’s USD 450 million Additional Tier 1 (AT1) capital issuance, in which ASB Capital served as Sole Advisor and Bookrunner.
Further reinforcing its market position, ASB Capital led the USD 114 million Tier 2 issuance for Solidarity Bahrain as Sole Advisor and Bookrunner, marking a key milestone in Bahrain’s insurance sector. The firm also extended its regional reach through its role as Joint Lead Manager and Bookrunner for Kuwait International Bank’s (KIB) USD 300 million Sustainable Tier 2 Sukuk issuance, underscoring its growing cross-border capabilities.
Building on this momentum, ASB Capital has already been mandated to advise on several upcoming debt and capital regional issuances of more than USD 2 billion, further cementing its reputation as a leader in regional capital markets while leveraging its Bahrain roots to broaden its regional footprint.
On the sidelines of the Gateway Gulf Forum, Rafik Nayed, Al Salam Bank Group CEO and ASB Capital Managing Director, commented: “Our success in structuring and executing innovative capital market transactions across the region reflects the collective strength, discipline, and expertise of the teams at Al Salam Bank and ASB Capital. These achievements are a testament to our trusted relationships, investor confidence, and institutional depth. As we expand our footprint across the region and beyond, we remain committed to delivering capital market solutions that drive growth, resilience, and sustainable value to our clients and stakeholders.”
ASB Capital operates across verticals, including public markets, private markets, and investment banking, allowing it to deliver integrated and agile financial solutions to a diverse base of high-net-worth individuals, family offices, corporates, and institutional investors. Both Al Salam Bank and ASB Capital continue to leverage Bahrain’s robust financial ecosystem to scale their operations regionally, advancing their shared vision of providing holistic, client-centric financial solutions across banking, insurance, asset management, and investment advisory.–Ends–
