About Al Salam Bank Algeria
Al Salam Bank Algeria is a company based in Algiers (Algeria) founded in 2006 was acquired by Al Salam Bank in June 2023.. Al Salam Bank Algeria operates in a competitive market with competitors including Scotiabank, National Bank of Algeria, First National Bank North, Local Development Bank and Kreissparkasse Biberach, among others.
- Headquarter Algiers, Algeria
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Al Salam Bank
(Jun 21, 2023)
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Funding Insights of Al Salam Bank Algeria
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Al Salam Bank Algeria
Al Salam Bank Algeria has secured backing from 1 investor. Prominent investors backing the company include Al Salam Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are offered in Bahrain.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Al Salam Bank Algeria
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Al Salam Bank Algeria
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Al Salam Bank Algeria Comparisons
Competitors of Al Salam Bank Algeria
Al Salam Bank Algeria operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, National Bank of Algeria, First National Bank North, Local Development Bank and Kreissparkasse Biberach, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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Functions as a commercial bank offering deposits, loans, and payment services.
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Family-owned community bank offering checking, savings, loans, and investment services in Minnesota.
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Offers banking, financing, digital payments to individuals and businesses in Algeria.
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Provides retail and business banking services with online platforms and financial products.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Al Salam Bank Algeria
Frequently Asked Questions about Al Salam Bank Algeria
When was Al Salam Bank Algeria founded?
Al Salam Bank Algeria was founded in 2006.
Where is Al Salam Bank Algeria located?
Al Salam Bank Algeria is headquartered in Algiers, Algeria.
Who is the current CEO of Al Salam Bank Algeria?
Hussein Hamad Hassan is the current CEO of Al Salam Bank Algeria.
What does Al Salam Bank Algeria do?
Al Salam Bank Algeria, founded in 2006 in Algiers, Algeria, focuses on offering financial products and advice, banks, and commercial banks. Commercial Bank. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Who are the top competitors of Al Salam Bank Algeria?
Al Salam Bank Algeria's top competitors include Scotiabank, National Bank of Algeria and First National Bank North.
Who are Al Salam Bank Algeria's investors?
Al Salam Bank Algeria has 1 investor. Key investors include Al Salam Bank.