Islamic Arab Insurance Co. (SALAMA) PJSC (Salama), UAE - Stock Price, Company Details, News and Contacts

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About Islamic Arab Insurance Co. (SALAMA) PJSCLast updated on: 30 April 2020

Business Summary

Provides non-life and life takaful services; retakaful services.

Country of Incorporation

UAE

Ownership Type

Publicly Listed

Established In

1979

Primary Sector

Financial Services

Number of Employees

150

Stock Listing

ID	Stock Type	Currency	Exchange	Symbol
SALAMA.DFM	Ordinary	AED	Dubai FM	SALAMA

Contact details

Primary address

Building: Spectrum Building
Street: Oud Medha Road
Floor: Block A, 4th Floor
Area: Deira Area
P.O. Box: 10214
Country: UAE
City: Dubai

CONTACT

Tel: +971 4-357-7000
Tel: +971 4-407-9999
Fax: +971 4-357-7418
Fax: +971 4-357-7007
Email: info@salama.ae
www.salama.ae

Region

Dubai

Latest News

Dubai-listed Salama's CEO quits post; new replacement named

Fahim Al Shehhi to assume new role effective this week

ZAWYA - 10 Jan 2021

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

UAE's Salama shareholders approve increase in foreign ownership limit

Shareholders also approved a cash dividend of 3 fils per share

ZAWYA - 04 May 2020

More

Change in guard at SALAMA signals new growth plans

Fahim Al Shehhi appointed as new CEO of UAE's largest Shari'ah compliant insurance provider

Press Release - 14 Jan 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 successfully introduces new Individual Life product range in compliance with UAE Regulation 49

The revisions were made to ensure higher value for customers and promote more transparency on benefits, charges and growth rates

Press Release - 09 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

SALAMA 2020 half-year net profit increases 41.03% to AED 47.05m

Gross written premium (GWP) increased by 6.9%, from AED 650m in H1 2019 to AED 695m in H1 2020, despite challenges of the COVID-19 pandemic.

Press Release - 10 Aug 2020

All Press Releases

Masdar enters strategic agreement with Emirates NBD Asset Management to provide services for UAE's first 'green' REIT

Sustainable real estate investment trust (REIT) established at Abu Dhabi Global Market under the first private REIT regime in MENA

Press Release - Wednesday 20 January 2021

FII Institute confirms 140 Plus headline speakers for two-day FII Conference

More than 60 international speakers will attend the conference in-person in Riyadh, another 80 will join virtually from around the world, including from FII hubs

Press Release - Tuesday 19 January 2021

German financial watchdog warns weak banks may not survive pandemic

Felix Hufeld, president of BaFin, said that on the whole Germany's banking industry was nevertheless "relatively robust"

Reuters News - Tuesday 19 January 2021

Google backs Indian courier startup Dunzo in $40mln fundraising

Dunzo allows users to order groceries and other essential items from nearby stores as well as run pick-up and drop errands within the eight cities it operates in

Reuters News - Tuesday 19 January 2021

ADIB's COVID-19 vaccination drive reaches 900 employees

The opt-in programme, which has been run in coordination with the Abu Dhabi Healthcare Company (SEHA), has been led from ADIB's Head Office and will be rolled out to the bank's other key premises across the UAE over the coming weeks with the aim of reaching 50% of the entire workforce

Press Release - Tuesday 19 January 2021

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	EPS	Revenue
Mean Estimate
Smart Estimate
Predicted Surprise
Mean Chg %

Investor	Holding	No. of Shares	Last Update

Investor	Holding	No. of Shares	Last Update

Stocks	Last Price	% Change
ORIENT INSURANCE	66.300 AED	0.00
AL-QAIWAIN CMNT	0.900 AED	0.00
FIDELITY UNITED	2.000 AED	0.00
AL FUJAIRAH INS	247.900 AED	0.00
SHARJAH INS CO	2.110 AED	0.00
UNION INS CO	0.650 AED	0.00

Islamic Arab Insurance Co. (SALAMA) PJSC (SALAMA.DU)

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About Islamic Arab Insurance Co. (SALAMA) PJSCLast updated on: 30 April 2020

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