Q1 2024 net profit records 118% increase of AED 17.58 million Takaful revenue expands to AED 271.47 million Salama strengthens market penetration with strategic partnerships and launch of new Abu Dhabi headquarters Dubai, May 14, 2024: Islamic Arab Insurance Company (DFM listing: “Salama”), UAE’s largest Takaful solutions provider, has reported topline growth with a profit […]
· The launch reflects Salama’s commitment to better serve its customers’ insurance needs in the rapidly evolving emirate · The progressive office design aims to foster innovation, positive customer experiences and employee productivity Dubai, May 13, 2024: Islamic Arab Insurance Company (DFM listing: “Salama”), UAE’s largest Takaful solutions provider, has strengthened its regional position with […]
Dubai, UAE; April 1, 2024: Islamic Arab Insurance Company, listed as “Salama” on DFM, has received board approval for its audited financial statements for the year ended December 31, 2023. The company reported Takaful revenue of AED 1.111 billion in 2023, an increase of 20% from the year ended December 31, 2022. Salama posted a […]
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 […]
