Al Salam Bank cuts indirect Solidarity stake to 45% after 10.91% exit

The Bahrain-listed bank told Bahrain Bourse and Dubai Financial Market the partial exit has no material P&L impact beyond reclassifying SGH as an associate in its Q3 2026 consolidated statements.

29 September 2026

Al Salam Bank B.S.C. completed a partial exit of a 10.91% indirect shareholding in Solidarity Group Holding B.S.C. (c), leaving an indirect stake of 45%, down from 55.91%, in a disclosure dated 29 September 2026 filed with Bahrain Bourse and Dubai Financial Market. The bank said the exit has no material financial impact other than reclassifying SGH from a subsidiary to an associate in the Q3 2026 consolidated statements.

• Al Salam Bank B.S.C. completed a partial exit of a 10.91% indirect shareholding in Solidarity Group Holding B.S.C. (c), disclosed on 29 September 2026.
• Al Salam Bank’s remaining indirect stake in Solidarity Group Holding stands at 45%, down from 55.91%.
• Al Salam Bank said the exit has no material financial impact other than reclassifying SGH from a subsidiary to an associate in the third-quarter 2026 consolidated financial statements.
• Al Salam Bank’s 29 September 2026 disclosure was signed by Ali Yusuf AlKhaja, Chief Compliance Officer, and listed no previous relevant disclosures.

According to a material-information disclosure filed with Bahrain Bourse and Dubai Financial Market, Al Salam Bank B.S.C. has completed a partial exit of a 10.91% indirect shareholding in Solidarity Group Holding B.S.C. (c) (SGH).

The bank’s remaining indirect stake in SGH stands at 45%, down from 55.91%. It said the exit has no material financial impact other than reclassifying SGH from a subsidiary to an associate in the third-quarter 2026 consolidated financial statements.

The disclosure is dated 29 September 2026 and signed by Ali Yusuf AlKhaja, Chief Compliance Officer. The bank listed no previous relevant disclosures on the matter.