In line with UAE policy to open up its economy to foreign investors, SALAMA Islamic Arab Insurance Company’s board of directors has resolved to recommend to the shareholders’ Extra-Ordinary General Assembly to open up shareholding to foreign nationals for up to 25% of the company’s issued shares. “The Board’s resolution is in response to the […]

SALAMA, Islamic Arab Insurance Company, the world’s largest Takaful and Re-Takaful company, has increased its shareholding in BEST-Re, the world’s largest Re-Takaful company, from 60% to 100%. Sheikh Khaled bin Zayed bin Saqr al Nahyan, Chairman, SALAMA, Islamic Arab Insurance Company said, “The consolidation of shareholding in BEST-Re further supports SALAMA’s aggressive expansion plans into […]

Signals Start of AED 165m Market Expansion SALAMA Islamic Arab Insurance Company, the worlds largest Takaful and Re-Takaful provider, has launched Health Takaful in the United Arab Emirates, the start of an AED 165 million expansion of its insurance products base in the emirates that will help drive future profitability. The launch follows the signing […]

Strategic move will drive profit and Re-Takaful industry growth SALAMA Islamic Arab Insurance Company, the world”s largest Takaful and Re-Takaful company, has concluded a landmark agreement to establish a Shari”ah syndicate at Lloyd”s of London, the first of its kind at the world famous insurance market. The agreement also establishes SALAMA as the first Middle […]

Net profit forecast to quadruple by 2010SALAMA Islamic Arab Insurance Company, the world’s largest Takaful and Re-Takaful company has announced a provisional 2005 net profit of AED 110 million (US $30.14m), up from AED 3.599m (US $1m) in 2004. “By any measure this is a remarkable business performance. The provisional profit is 1.7 times more […]