Dubai, March 21, 2023: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, has received board approval for its audited financial statements for the year ended December 31, 2022. Highlights: Net profit for the year reached AED 42.46mn. Despite challenging macroeconomic conditions, gross written contributions reached AED 1.12 billion. Subsidiaries in Egypt and Algeria contributed […]
Dubai, February 14, 2023: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2022 fiscal year. Highlights: Net profit for the year reached AED 45.27mn. Gross written contributions reached AED 1.12bn. Subsidiaries in Egypt and Algeria contributed positively to SALAMA Group net profit in 2022. SALAMA has taken proactive […]
Dubai, 29 December 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, today announced that it will acquire the insurance portfolio of Dubai Islamic Insurance and Reinsurance Company PSC (AMAN) which includes its motor, medical, non-motor and group life insurance business (Target Portfolio). The transaction is subject to customary regulatory approval and expected to […]
The partnership, which marks APRIL International’s expansion into the Middle East, will see the group build on SALAMA’s decades of expertise to provide UAE citizens and expatriates with a seamless international health insurance experience. December 12, 2022, Dubai, United Arab Emirates: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, and APRIL […]
Highlights: Q3 Gross Written Contributions up 48% year-on-year to AED 312 million, while for the 9-month period it reached AED 886 million. Strong performance of subsidiaries in Egypt and Algeria, which achieved profitability growth of 54% YOY. Q3 Net Profit grows 102% YoY to AED 5.9 million. 5.6% YoY decline in general, administrative, and other […]
UAE, 26 October 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced today that it has signed an agreement with the Abu Dhabi Department of Economic Development (ADDED) to provide its services on ‘Investor Journey’ portal. SALAMA will join leading UAE public and private institutions in this initiative, which enables entrepreneurs and investors […]
UAE residents shared approximately 600 kindness stories throughout the 22-day campaign. SALAMA awarded shortlisted participants with AED 1000 each day for the entire duration of the campaign. Dubai, United Arab Emirates, 12 October 2022 : Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, has concluded its 22-day social media campaign titled […]
07 September 2022, Dubai, United Arab Emirates: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider has tied up with Almadallah Healthcare Management FZ CO, one of the leading independent Third-Party Administrator (TPA) providers in the region. Through this collaboration, SALAMA’s health takaful plan members will benefit from Almadallah’s efficient, cost-effective and […]
Highlights: Records net profit of AED 19.20 million in H1 2022 – driven by strong operational efficiencies, product innovation and digital transformation initiatives. Net profit for H1 2022 compared to same period last year was adversely impacted by lower investment income. Robust business performance with Gross written contribution of AED 574 million. Achieves market leadership […]
The customized, high-quality, digital and comprehensive Takaful health solution is exclusively available for Bayzat SME clients July 5, 2022, Dubai, United Arab Emirates: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, and Bayzat, a UAE-based company offering an all-in-one human resource (HR), payroll and employee benefits platform, have announced their collaboration […]
