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Islamic Arab Insurance Co PJSC (SALAMA)

Last update: 7 December 02:59 PM market time.
0.82
0.00
0.37%
Open 0.82
Previous Close 0.81
High 0.83
Low 0.81
Stock Statistics
Volume 11,531,534
Turnover 9,490,740.43
All data are 15 minutes late during market session

News

The insurer has logged accumulated losses of AED 371.74 million
15 November 10:03 AM Salama registers AED 43m net income in 9M
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) recorded a net income of AED 43.23 million during the first nine months of 2021. The company's net underwriting income amounted to AED 122.5 million in the January-September period of 2021, …
The company is implementing a three-pronged strategy
16 May 11:32 AM Salama logs AED 287m accumulated losses
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) has incurred accumulated losses of AED 286.679 million, representing 23.69% of the capital. The accumulated losses are driven by AED 843 million losses recorded in 2012-2013 and 2015-2016 …
The EPS rose by 35.71% in Q1-21
10 May 02:53 PM Salama's net profits hike 84% in Q1-21
Dubai – Mubasher: The net income of Islamic Arab Insurance Company (Salama) surged by 84.43% to AED 24.22 million in the first three months of 2021, compared to AED 13.13 million in the corresponding quarter of 2020, according to the company's …
The dividend distribution stands at 8.25 fils per share
18 April 12:48 PM Salama's OGM approves 8% dividends for H2-20
Dubai – Mubasher: The ordinary general meeting (OGM) of Islamic Arab Insurance Company (Salama) has approved cash dividend distribution, equivalent to 8.25% of the capital, for the six-month period ended 31 December 2020. The cash dividend …
The company's net underlying income decreased to AED 166.594m in 2020
14 March 09:40 AM Salama reports higher net profits in 2020 audited financials; dividends proposed
Dubai – Mubasher: The audited consolidated financial results of Islamic Arab Insurance Company (Salama) showed an increase in net profits attributable to the shareholders to AED 149.368 million in 2020, compared to AED 55.038 million in 2019. The …
8 March 09:31 AM Salama proposes 8 fils/shr semi-annual dividends instead of previous proposal
Dubai – Mubasher: The board of Islamic Arab Insurance Company (Salama) has proposed to distribute cash dividends of 8.25 fils per share for the first six months of 2020, instead of the previous proposal of 3 fils per share. This step was made …
The company's revenues jumped to AED 1.167bn in 2020
14 February 12:03 PM Salama's net profits more than double in 2020; dividends proposed
Dubai – Mubasher: The 2020 preliminary financial results of Islamic Arab Insurance Company (Salama) showed a boost in net profits to AED 136.129 million, compared to AED 59.816 million in 2019. The company's revenues jumped to AED 1.167 billion in …
This decision came after Parvaiz Siddiq has resigned from CEO
10 January 09:54 AM Salama names new CEO
Dubai - Mubasher: Islamic Arab Insurance Company (Salama) has appointed Fahim Al Shehhi as the company's new CEO effective from 13 January 2021. This decision came after Parvaiz Siddiq has resigned from his position of CEO, according to the …
Salama is considering a distribution of special cash dividends of 5.25 fils per share
15 December 2020 10:14 AM Salama's board considers 5.25 fils/shr special dividend distribution
Dubai - Mubasher: The board of Islamic Arab Insurance Company (Salama) is considering a distribution of special cash dividends of 5.25 fils per share. This proposal was made following the company's sale of four million shares held in the capital …
The company has recently launched a new individual life product range
13 December 2020 10:07 AM Salama launches new brand identity
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) has launched a new brand identity to reflect the company's future strategic plans, according to a press release on Sunday. The company has changed its corporate logo for the first time in …
This allegation will not have any impact on the company's financials
17 November 2020 09:48 AM Salama comments on Rusd Investment Bank’s allegation
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) does not owe any debts to any local or foreign bank, the company confirmed in its disclosure to the Dubai Financial Market (DFM) on Tuesday. Salama commented on misleading news about a …
This reduction marks the highest percentage of decrease
16 November 2020 10:13 AM Salama registers 24% lower accumulated losses
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) announced a 24% decrease in its accumulated losses to AED 284.82 million for the period ended on 30 September 2020, compared to  AED 376.82 million as of 31 December 2019. Achieving lower …
The company's gross written premium rose by 7.5%
12 November 2020 02:27 PM Salama sees higher net profits in 9M
Dubai – Mubasher: The net profits attributable to the shareholders of Islamic Arab Insurance Company (Salama) reached AED 137.06 million in the first nine months of 2020, up from AED 34.99 million in the year-ago period. Salama's net underwriting …
The cash dividend distribution stands at AED 0.03 per share
3 September 2020 11:29 AM Salama's board recommends 3% dividends for H1-20
Dubai – Mubasher: The board of Islamic Arab Insurance Company (Salama) has recommended to pay out cash dividends, equivalent to 3% of the capital, for the first half (H1) of 2020. The cash dividend distribution stands at AED 0.03 per share, …
The financial impact will be registered in Salama's financial results in Q3-20
1 September 2020 09:29 AM Salama earns AED 39m profits from selling shares in Saudi company
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) has generated AED 39.45 million net profit from the sale of some of its shares in Salama Cooperative Insurance Company, a Saudi joint-stock company. The financial impact will be registered …
The transaction will generate a cash inflow of SAR 66 million
31 August 2020 09:37 AM Salama sells 4.5m shares in Saudi joint stock company
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) has sold 4.5 million shares out of 7.5 million shares in the capital of Salama Cooperative Insurance Company, a Saudi joint-stock company. The shares were sold for an average price of …
The insurer's gross written premium grew by 6.9%
11 August 2020 10:48 AM Salama's net profits increase to AED 47m in H1-20
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) reported net profits of AED 47.05 million in the first half (H1) of 2020, compared to AED 33.33 million in the same period of 2019. The company's net underwriting income rose by 9.3% to …
Salama has obtained regulatory approvals to raise foreign ownership
28 July 2020 10:55 AM Salama to increase foreign ownership limit to 49%
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) has obtained regulatory and internal approvals to raise foreign ownership limit to 49% from 25%. The Company has contacted Dubai Central Securities Depository to start the necessary …
The DFM-listed firm’s accumulated losses amounted to AED 363.2 million
27 May 2020 11:45 AM Salama's profit down to AED 13.6m in Q1-20
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) reported AED 13.65 million in net profits attributable to shareholders in the first quarter of 2020, down by 8.7% from AED 14.96 million in the year-ago period. Gross written contributions …
The shareholders approved raising the limit of foreign ownership
4 May 2020 10:27 AM Salama's shareholders approve 2019 dividends
Dubai – Mubasher: The ordinary general meeting (OGM) of Islamic Arab Insurance Company (Salama) has approved to distribute cash dividends for 2019 at 3 fils per share, amounting to a total AED 35.65 million. During the meeting, shareholders have …
The company's board approved to buy back no more than 10% of shares
26 March 2020 09:55 AM Salama board proposes 3 fils/shr dividends for first time
Dubai – Mubasher: The board of Islamic Arab Insurance Company (Salama) has recommended distributing 3 fils per share cash dividends for 2019 for the first time since the company's IPO. During a meeting held on Wednesday, 25 March, the board has …
Salama's earnings per share (EPS) reached AED 0.05 in 2019
11 February 2020 05:15 PM Salama generates AED 55m net profits in 2019
Dubai – Mubasher: Islamic Arab Insurance Company’s (Salama) net profits attributable to the shareholders surged to AED 54.748 million in 2019 from AED 2.039 million in 2018, according to the company’s preliminary unaudited financial results for …
Losses will be offset via annual profits
2 January 2020 11:29 AM Salama’s board approves to offset accumulated losses
Dubai – Mubasher: The board of Islamic Arab Insurance Company (Salama) decided during its recent meeting to extinguish its accumulated losses. The board discussed offsetting the accumulated losses through the future annual profits without reducing …
Net profit reached AED 32.580 million in the first nine months of 2019
11 November 2019 10:43 AM Salama turns profitable in Q3-19
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) posted a net profit attributable to shareholders worth AED 183,000 in the third quarter (Q3) of the year, against a loss of AED 672,000 in the same quarter in 2018. Earnings per share (EPS) …
The board also agreed to extinguish accumulated losses
13 October 2019 09:20 AM Salama nods to foreign investors ownership limit increase
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) announced that its board of directors has approved to increase the permitted limit of foreign investors ownership from 25% to 100% to the GCC nationals and 49% for foreigners. The board …