Bahraini Saudi Bank was established in 1983 with a paid up capital base of BD 20 million, equally held between Bahraini and Saudi shareholders: this restriction was recently removed, thus allowing greater flexibility for ownership. BSB offers commercial and Retail Banking services to its customers in the Kingdom of Bahrain. The Bank raised its paid up capital to BD 50 million, following the successful completion of its rights share offering in March 2005.