SALAMA Insurance Trophy
SALAMA Insurance Trophy
Abu Dhabi. October 21, 2007. Salama-Islamic Arab Insurance Company is pleased to associate itself with Abu Dhabi Cricket Club (ADCC) and the cricketing fraternity, and to sponsor the Salama Insurance Trophy.
On this historic occasion, Mr. Parvaiz Siddiq, General Manager of Salama, UAE said “Salama is extremely delighted with its partnership with ADCC and with the opportunity to participate in the spread and development of the game amongst cricket lovers all over the UAE.
We hope that this association with ADCC shall bring greater awareness of our diverse and competitive Shari’ah complaint products to the cricket community and other like–minded institutions.
We are also pleased to find that common denominators exist between our core values and principles and those practiced on the cricket field. The attributes of cricket such as integrity, honesty, fair play and team work are the very values cherished by us in defining our operational culture and standards.
We look forward to this association and hope that with our participation we can contribute towards the healthy development of the sport.”
CEO of ADCC on the occasion said “It is an extremely significant development for the game of cricket in the UAE that a world leading Shari’ah compliant company like Salama associate themselves with the promotion and development of the sport of cricket.”
About Salama: Salama has been in existence since 1979 and is the largest Takaful & Re-Takaful Group in the world. Best Re, its Tunisia based Re-Takaful Insurance subsidiary is the largest Re-Takaful company in the world providing Re-Takaful and Re-insurance solutions in more than 60 countries. Salama on the other hand, has operations in Saudi Arabia, Bahrain, Egypt, Tunisia, Algeria and Senegal.
Salama is a publicly quoted company on the Dubai Financial Markets with a paid up capital of AED 1.1 Billion. Salama is the only Takaful (Shari’ah Complaint Insurance) Group in the world to have received credit rating of BBB+ by Standard and Poor and B++ by A.M.Best. These ratings clearly reflect the Company’s growth, financial strength and investor confidence.
Under the leadership of Mr. Parvaiz Siddiq as General Manager of UAE operations and ably supported by a dedicated regional team of experts, Salama is a highly profitable and well structured organization catering to commercial mainstream accounts as well as family and health Takaful.
About the Tournament: A high profile tournament comprising of participation of approx 40 teams, 80 round matches, 8 Pre-Quarters, 4 Quarters, 2 semi-finals and a final, to be played on ADCC domestic grounds. During the round matches 12 games shall be played every week and tournament duration shall be till end December and even possibly first week of January, depending on climatic conditions.
In terms of prize money and awards, the winners shall earn AED 4,000 and the Runners-Up AED 3,000. There are several other prizes as well as trophies for individual performances.
The tournament comprising of a 25 over format, shall commence with an Inaugural game schedule for October 26. Games shall start at 8.00am in the morning and afternoon matches shall start at 1:30pm. The final shall be played in the Zayed Cricket Stadium.
For more information, please contact:
M. Kashif Usman
Head of Marketing
Salama-Islamic Arab Insurance Company
Tel # 04-3355300.