Dubai, UAE; February 14, 2024: Islamic Arab Insurance Company, listed as “Salama” on DFM, announced its preliminary results for the 2023 fiscal year. The company recorded insurance revenue of AED 1.11 billion in 2023, an increase by 20% from fiscal year 2022. Total assets registered an increase at AED 3.70 billion in 2023, in comparison […]
Dubai, November 14, 2023: Islamic Arab Insurance Company (DFM listing: “Salama”), UAE’s largest Takaful solutions provider, posted a net profit of AED 18.6 million for the first nine months of 2023 (9M 2023), a healthy 19% rise from AED 15.6 million reported in the corresponding period of the previous year. The company reported a significant […]
Highlights: Dubai, August 14, 2023: Islamic Arab Insurance Company (DFM listing: “Salama”), UAE’s largest Takaful solutions provider, has announced its financial results for the first half of 2023. The company recorded a net profit of AED 12.26 million for the period ending June 30, 2023. Development of digital capabilities, improved underwriting discipline, expansion of the […]
Highlights: Q1 2023 net profit recorded at AED 8.04 million. Insurance Revenue increased 18% to reach AED 265 million as compared to same period last year. Total Assets stand at AED 3,556.61 million. Company poised for new growth phase with recent leadership appointments. Dubai, June 15, 2023: Islamic Arab Insurance Company, listed as “SALAMA” on […]
Dubai, 18 May 2023: Islamic Arab Insurance Company (SALAMA), the UAE’s largest Sharia’h Compliant Takaful solutions provider announced the appointment of Walter Jopp as Chief Executive Officer today, following approval of the Central Bank of the UAE. Having spent over 25 years in the insurance industry across global markets, Walter brings a wealth of experience […]
Dubai, April 25, 2023: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, today announced the appointment of a new Chairman and Vice Chairman to the Board of Directors, as well as a distinguished board of directors for a term of three years following the company’s Annual General Meeting (AGM). The AGM […]
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 […]
