Al Salam Bank-Bahrain Supports OMP Racing S.p.A. in the Acquisition of Bell Racing Helmets Group

Manama, Bahrain (ots/PRNewswire) - Al Salam Bank-Bahrain ("Al Salam Bank")
announced its support to OMP Racing S.p.A. ("OMP"), the world's leading
motorsport safety equipment company, in its acquisition of Bell Racing Helmets
International ("Bell Helmets"), the world's top manufacturer of head protection
for Formula 1 and motorsport drivers (collectively the "Group"). The combination
of OMP's extensive product line and Bell Helmets' world-renowned helmets, having
supplied 11 out of 20 Formula 1 drivers in 2019, including Lewis Hamilton, Kimi
Raikkonen, and Charles Leclerc, gives the Group an unrivaled and comprehensive
product offering.

The Group, which has worldwide presence through various brands and facilities,
will enhance synergies between its entities with its Bahrain headquarters in
Sakhir playing a key strategic role in operations and R&D. The Group's
operations will be further supported by its world class facilities and
distribution networks in Italy, Belgium, and the US.

Al Salam Bank, listed on the Bahrain Bourse and the Dubai Financial Market, will
be the Group's key banking partner in its plans to further expand its operations
in Bahrain to include the manufacturing and distribution of a wide range of Bell
and OMP branded products from the Group's 2000+ product line. The Group's
expansion plans for its Sakhir location is a continuing reaffirmation of
Bahrain's leading and strategic role in global motorsports. The expanded
services are expected to increase the Group's workforce in Bahrain to over 200
employees. Exports from the Group's local operations are also expected to
exponentially increase, driven by the new synergies and Bahrain's strategic
location, as well as the respective trade agreements Bahrain has with several of
its key trading partners.

Paolo Delprato, President and CEO of the Group stated: "The acquisition of Bell
Helmets is the most important acquisition in OMP's 46-year history and marks a
revolution in the field of motorsports safety equipment. OMP and Bell Helmets
are two iconic brands with a rich history of innovation. Putting these two
brands together creates the world's most important motorsports Group with
tremendous potential for future growth derived by strategic synergies. The role
of Al Salam Bank in supporting us in the acquisition of Bell Helmets has been
instrumental and we look forward to continue this strategic relationship in our
efforts to grow in Bahrain and globally across various business verticals."

On this occasion, Rafik Nayed, Group CEO of Al Salam Bank-Bahrain stated: "We
are proud to be a strategic partner of OMP's acquisition of Bell Helmets. The
Group's expanded offering now combines the best global brands in Formula 1 and
motorsports safety equipment right here in Bahrain. Al Salam Bank is honored to
support the Group's future growth and contribute to further cementing Bahrain's
position as a global motorsports hub."

Photo - https://mma.prnewswire.com/media/1058613/Rafik_Nayed_Group_CEO_Al_Salam_
Bank_Bahrain.jpg

Additional content: https://www.presseportal.de/pm/139910/4476320
OTS: Al Salam Bank Bahrain

Original-Content von: Al Salam Bank Bahrain, übermittelt durch news aktuell