About Salama Cooperative Insurance CompanyLast updated on: 28 May 2020

Business Summary

Provides Islamic non-life insurance and reinsurance services.

Country of Incorporation

Saudi Arabia

Ownership Type

Publicly Listed

Established In

2007

Primary Sector

Financial Services

Number of Employees

370

Stock Listing

ID	Stock Type	Currency	Exchange	Symbol
8050.SSE	Ordinary	SAR	Saudi SE	8050

Contact details

Primary address

Building: Salama Cooperative Insurance Company Tower
Street: Madina Street
Floor: 12th Floor
P.O. Box: 4020
Country: Saudi Arabia
City: Jeddah
City Suffix: 21491

CONTACT

Tel: +966 12-684-5666
Fax: +966 12-697-0470
Email: info@salama.com.sa
www.salama.com.sa

Region

Makkah

Latest News

SALAMA’s preliminary 2020 net profit doubles to $37mln

The company's board proposed 3 fils/share cash dividend for 6-months ending 31 Dec 2020

WAM (Emirates News Agency) - 14 Feb 2021

Salama's board considers special dividend distribution

Salama is considering a distribution of special cash dividends

Mubasher - 15 Dec 2020

Salama earns $10.62mln profits from selling shares in Saudi company

The financial impact will be registered in Salama's financial results in Q3-20

Mubasher - 01 Sep 2020

Dubai's Salama sold 4.5mln shares for $17mln in one week

Sale to boost takaful provider's profits in third quarter

ZAWYA - 31 Aug 2020

Saudi's Abdul Latif Jameel Land breaks ground on Dari Q

The project is located in the Al-Salama district of North Jeddah

Arab News - 17 Jun 2019

More

SALAMA posts highest first quarter profit since 2011

Up 84.43% y-o-y as Board's strategic focus pays off

Press Release - 10 May 2021

SALAMA reports audited FY 2020 net profit of AED 157.04 million, up 162.50% year-on-year

Gross written premiums grew by 5.5% to AED 1.17 billion, despite the challenges posed by the pandemic

Press Release - 14 Mar 2021

SALAMA's preliminary 2020 net profit more than doubles to AED 136.13m

Gross written contributions increased 6% to AED 1.17bn, despite challenges of the COVID-19 pandemic

Press Release - 14 Feb 2021

SALAMA's net profit for first 9 months surges 392% to AED 137.06m

Gross written premium increased by 7.5%, from AED 883m in first nine months of 2019 to AED 949m for same period this year, despite challenges of the COVID-19 pandemic

Press Release - 12 Nov 2020

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

All Press Releases

Ex-UK PM Cameron says baffled by 'rate cut' text sent to Treasury official

Five days later, the BoE cut rates in an unscheduled emergency move at the onset of the COVID-19 pandemic