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 […]
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 […]
