Salama Cooperative Insurance Company (8050.SE)

Also known as:  SALAMA, SALAMA Insurance
Data delayed by 15 minutes
20.08 SAR -2.02-9.14%
As of 29 OCT 2020 12:19 GMT|Saudi SE

SALAMA Stock Price & Performance Powered By Knowledge Direct

Recommendation
-
Div Yield
-
P/E (Last 12 Month)
0.0
Upside
-
Target Price (Mean)
-
52Wk
9.1 12 MAR
27.15 14 OCT

Open
21.30 SAR
Previous Close
20.08 SAR
Turnover
47.02M SAR
EPS
-
Volume
2,247,784
Transactions
2298
Market Cap
502.00M SAR
IPO Date
23-May-2007
Analyst Recommendation
Sell
Hold
Buy
Analyst Rating
Strong Buy
Buy
Hold
Sell
Strong Sell

About Salama Cooperative Insurance CompanyLast updated on: 28 May 2020

Business Summary
Provides Islamic non-life insurance and reinsurance services.
Country of Incorporation
Ownership Type
Established In
2007
Primary Sector
Number of Employees
370
Stock Listing
IDStock TypeCurrencyExchangeSymbol
8050.SSEOrdinarySARSaudi SE8050

Contact details

Primary address
Salama Cooperative Insurance Company Tower
Madina Street
12th Floor
4020
Saudi Arabia
Jeddah
21491
CONTACT
Region
Makkah
More

SALAMA announces AED11.5 million surplus distribution to Takaful policyholders for 2019

Surplus sharing is a unique benefit of the Takaful concept of insurance in comparison to conventional insurance, which not only protects policyholders against unforeseen circumstances but also qualifies them for a share in the achieved surplus of the fund without any investment in capital, if the claim remains below a certain level.

Press Release - 17 Aug 2020
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Ownership

Revenue
Net Income
Profit Margin
Total Assets
Total Liabilities
Debt to Assets
Operating
Investing
Financing

Executives

Mr Parvez Abid Ansar Siddiq
Chief Executive Officer
Mr Khalid Mohammed Salem Bajnaid
Chief Financial Officer
Mr Ammar Ahmad Ghurab
Chief Operations Officer

Board Members

Dr Waeel Saad Al Rasheed
Chairman
Mr Mazen Ibrahim Mohammed Abdulsalam
Director
Mr Louay Hamza Basrawi
Director
More

Company information provided by Refinitiv

Refinitiv research team update company information from primary sources (company annual reports, press releases, company websites, corporate briefings, official statements/interviews) and reliable secondary sources (stock markets, reliable third party publications).

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