Al Salam Bank - Sudan Reports Earnings Results for the Full Year Ended December 31, 2023

Al Salam Bank Sudan PLC is a Sudan-based Islamic banking and financial services company engaged in the provision of commercial banking services according to the Islamic rules and principles. The Bank offers its services through four business segments: the Banking Services segment includes retail banking, which offers current, saving and time deposit accounts, as well as money transfer; corporate banking, which offers letter of credit (LC), letter of guarantee and murabaha, and electronic services include phone banking, mobile banking and Internet banking, among others; Investments segment includes musharaka, mudaraba, Ijara, Istisnaa, syndication and wakala; the Islamic Sharia Banking segment includes murabaha cars, murabaha goods, murabaha calculator and ijara, and the Trust Services segment, which includes Lockers, offering safe deposit boxes. The Bank operates through its head office and a branch.