Strategic Goals

Al Salam Bank Group 2024-2026 Strategic Objectives

8

Strategic Goals

6

On Track

2

At Risk

63%

Avg Progress

17

Programs

66

Projects

Showing 8 of 8 goals

Digital
On Track

Digital Leadership in Islamic Banking

Become the leading digital Islamic bank in Bahrain and expand digital capabilities across all entities

Overall Progress72%

Digital Adoption Rate

68%

Target: 85%

Mobile Active Users

125K

Target: 200K

Digital Transaction Share

72%

Target: 90%

Key Milestones

Mobile App 3.0 Launch
Q1 2024
Digital Onboarding Go-Live
Q2 2024
Open Banking Platform
Q4 2024
AA

Ahmed Al-Mahmood

Chief Digital Officer

3 Programs12 Projects
Customer
On Track

Customer Experience Excellence

Deliver exceptional customer experience across all touchpoints with industry-leading NPS scores

Overall Progress85%

Net Promoter Score

62

Target: 70

Customer Satisfaction

4.4/5

Target: 4.7/5

First Contact Resolution

78%

Target: 85%

Key Milestones

Voice of Customer Program
Q1 2024
Contact Center AI
Q3 2024
Branch Transformation
Q1 2025
MA

Maryam Al-Khalifa

Chief Customer Officer

2 Programs8 Projects
Growth
On Track

Sustainable Profitability Growth

Achieve 15% year-over-year growth in net profit while maintaining cost efficiency

Overall Progress68%

Net Profit Growth

12%

Target: 15%

Cost-to-Income Ratio

42%

Target: 38%

Return on Equity

11.2%

Target: 14%

Key Milestones

Algeria Expansion
Q2 2024
Takaful Growth Initiative
Q3 2024
Wealth Management Launch
Q4 2024
RN

Rafik Nayed

Group CEO

4 Programs15 Projects
Operational
At Risk

Operational Excellence & Efficiency

Streamline operations and achieve 30% improvement in process efficiency through automation

Overall Progress62%

Process Automation Rate

45%

Target: 75%

STP Rate

68%

Target: 85%

Employee Productivity

+18%

Target: +30%

Key Milestones

RPA Implementation Phase 1
Q1 2024
Core Banking Migration
Q2 2025
AI Operations Center
Q4 2025
KA

Khalid Al-Murbati

Chief Operating Officer

3 Programs10 Projects
Risk & Compliance
On Track

Risk Management & Compliance

Maintain robust risk management framework and ensure 100% compliance with CBB and Sharia requirements

Overall Progress88%

Regulatory Compliance

98%

Target: 100%

NPL Ratio

2.8%

Target: <3%

Capital Adequacy

18.5%

Target: >16%

Key Milestones

IFRS 9 Implementation
Q1 2024
AML System Upgrade
Q2 2024
Basel IV Readiness
Q1 2025
FA

Fatima Al-Zayani

Chief Risk Officer

2 Programs6 Projects
ESG
On Track

ESG & Sustainable Finance

Lead in sustainable Islamic finance with BHD 500M in green Sukuk and ESG-compliant investments

Overall Progress45%

Green Sukuk Issuance

BHD 180M

Target: BHD 500M

ESG Portfolio Share

12%

Target: 25%

Carbon Footprint

-15%

Target: -30%

Key Milestones

ESG Framework Launch
Q1 2024
Green Sukuk Program
Q3 2024
Net Zero Commitment
Q4 2024
JM

Jawad Mohammed

Head of Sustainable Finance

1 Programs4 Projects
Operational
At Risk

Talent & Culture Transformation

Build a high-performance culture and become employer of choice in Bahrain's financial sector

Overall Progress58%

Employee Engagement

72%

Target: 85%

Bahrainization Rate

82%

Target: 90%

Voluntary Turnover

8%

Target: <6%

Key Milestones

Leadership Development Program
Q2 2024
Digital Skills Academy
Q3 2024
Culture Transformation
Q4 2024
NA

Noura Al-Sulaiti

Chief Human Resources Officer

1 Programs5 Projects
Growth
On Track

Regional Expansion - Takaful

Expand Solidarity's Takaful business to UAE, Kuwait, and Oman with BHD 100M in new premiums

Overall Progress28%

New Markets Entered

0

Target: 3

Partnership Agreements

2

Target: 5

New Premium Target

BHD 0

Target: BHD 100M

Key Milestones

Market Research Complete
Q1 2024
UAE Partnership
Q3 2024
Kuwait Market Entry
Q1 2025
AA

Abdullah Al-Romaihi

Regional Expansion Director

1 Programs6 Projects

Strategic Intelligence

AI analysis: Talent & Culture goal needs acceleration - recommend additional investment in Digital Skills Academy