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Al Salam Bank Enters $50 Million Line of Finance Facility with ICD

MT Newswires·08/20/2026 10:08:53
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10:08 AM EDT, 08/20/2026 (MT Newswires) -- Bahrain-headquartered Al Salam Bank (DFM:SALAM_BAH) agreed to deploy a $50 million line of finance facility with the Islamic Corp. for the Development of the Private Sector, or ICD. The transaction represents ICD's second line of finance facility in Bahrain, according to a Thursday release. It is set to broaden access to Sharia-compliant financing for private-sector enterprises in the Middle Eastern country.