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

Alandalus Property reports 35% growth in net profit for FY 2019

FY 2019 revenue increased by 6.9% to SAR 176.1 million compared to SAR 164.7 million in FY 2018

Press Release - 01 Mar 2020

Islamic Arab Insurance Company (SALAMA) reports 15.7% increase in 9-month 2019 net profit

Gross written premium increased by 13.6% to Dh901m in Q3 2019

Press Release - 11 Nov 2019

SALAMA 2019 half-year net profit increases 4.7%

Calls for General Meeting to increase foreign ownership to 49% and GCC to 100%

Press Release - 08 Aug 2019

S&P upgrades SALAMA's rating to BBB

Maintains stable outlook

Press Release - 21 Jul 2019

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Saudi Tourism Development Fund, banks sign deal for up to $43bln of projects

The agreement will set up mechanisms to finance tourism projects across the kingdom as part of the government's efforts to develop the sector

Reuters News - Monday 28 September 2020

Credit Agricole sells its remaining stake in Banque Saudi Fransi

Two Saudi government-related institutional investors bought remaining 4% stake

Reuters News - Monday 28 September 2020

EU chair Germany proposes rule of law scheme for getting bloc's cash

The proposal will underpin negotiations between the European Parliament and the 27 EU governments

Reuters News - Monday 28 September 2020

UAE Ministry of Finance holds Government Financial Policy Coordination Council's third meeting for 2020

The meeting was also attended by council members from several UAE government entities

WAM (Emirates News Agency) - Monday 28 September 2020

Abu Dhabi-based banks invest $4.68bln in bonds in seven months

This accounts for 87.5% of these banks' total investments in all investment vehicles, including held to maturity securities and others

WAM (Emirates News Agency) - Sunday 27 September 2020

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Investor	Holding	No. of Shares	Last Update

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Stocks	Last Price	% Change
Alawwal Bank	-	-
ARAB BANK	20.300 SAR	0.00
RIYAD BANK	19.080 SAR	0.00
BANQUE SA FRANSI	32.250 SAR	0.00
SABB	26.150 SAR	0.00
SAMBA FIN GROUP	27.200 SAR	0.00

Salama Cooperative Insurance Company (8050.SE)

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About Salama Cooperative Insurance CompanyLast updated on: 28 May 2020

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