Islamic Arab Insurance Co PJSC (SALAMA) News - Mubasher Info
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Islamic Arab Insurance Co PJSC (SALAMA)

Last update: 12:58 PM market time.
0.36
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News

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16 May 03:35 PM Salama’s net profits jump 118% in Q1-24
    Dubai – Mubasher: Islamic Arab Insurance Company (Salama) recorded net profits valued at AED 17.58 million in its first quarter (Q1) of 2024, up by 118% from AED 8.04 million in Q1-23. Takaful revenue amounted to AED 271.47 million as of 31 …
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18 February 05:54 PM Salama shifts to losses in 2023; revenues surpass AED 1bn
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) turned to a net loss of AED 43.45 million in 2023 against net profits worth AED 35.43 million in 2022. The company posted a loss per share that stood at AED 0.06 last year, versus earnings …
Photo Archive
17 August 2023 10:49 AM Salama registers lower net profits in Q2, H1-23
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) generated AED 12.26 million worth of net profits after tax in the first half (H1) of 2023, a decline from AED 16.65 million in H1-22. The firm posted a basic and diluted loss per share of …
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15 June 2023 07:26 PM Salama records over AED 8m net profits in Q1-23
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) registered net profits after tax worth AED 8.03 million in the first quarter (Q1) of 2023, a growth from AED 7.66 million in Q1-22. The basic and diluted earnings per share (EPS) edged up …
Walter Jopp, CEO of Salama
21 May 2023 00:18 PM Salama names Jopp as new CEO
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) appointed Walter Jopp as its new CEO after obtaining the approval of the Central Bank of the UAE (CBUAE), according to a press release. Jopp holds more than 25-year experience in the …
Photo Archive
24 April 2023 03:08 PM Salama announces major appointments
Dubai – Mubasher: The board members of Islamic Arab Insurance Company (Salama) have elected Saeed Mubarak Rashed Saeed Alhajeri to be the Chairman. Salama also announced that Mohammed Ahmad Mohammed bin Abdulaziz Al Shehhi was appointed as the …
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27 March 2023 02:09 PM Salama announces over 22% capital cut
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) reduced its capital by 22.34% to AED 939.58 million from AED 1.21 billion, according to a bourse disclosure. The capital cut aimed to write off AED 270.41 million in accumulated …
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16 February 2023 03:02 PM Salama registers lower profits in 2022 initial results
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) recorded an annual plunge in net profit to AED 45.27 million in 2022 from AED 62.37 million, according to the unaudited income statements. Revenues hiked to AED 1.11 billion in 2022 from …
Photo Archive
17 January 2023 02:32 PM Salama’s shareholders approve nearly AED 270.5m capital cut
Dubai – Mubasher: The shareholders of Islamic Arab Insurance Company (Salama) have agreed to lower the issued share capital by AED 270.41 million to AED 939.58 million from AED 1.21 billion. In a bourse disclosure, Salama indicated that the …
Photo Archive
2 January 2023 00:14 AM Salama to acquire Aman’s insurance portfolio
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) unveiled plans to acquire the insurance portfolio of Dubai Islamic Insurance and Reinsurance Company (Aman), which covers its motor, medical, non-motor, and group life insurance business. …
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14 November 2022 08:41 PM Salama’s net profits hit AED 25m in 9M-22
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) achieved a net profit of AED 25.10 million during the first nine months (9M) of 2022, according to a press release on Monday. Gross written contributions (GWC) amounted to AED 886 million …
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3 October 2022 11:32 PM Salama obtains initial approval to merge with Takaful Emarat, seeks investment in Aman
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) was granted the initial approval for a potential merger with Takaful Emarat – Insurance, according to a bourse filing. Salama is working to fulfil all the required regulatory measures to …
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16 August 2022 05:20 PM Salama witnesses lower profits in H1-22; accumulated losses unveiled
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) generated net profits attributable to the shareholders of AED 12.18 million in the first half (H1) of 2022, lower than AED 34.58 million in H1-21. The basic and diluted earnings per share …
Photo Archive
8 August 2022 10:06 AM Salama’s board recommends reducing capital to AED 790.2m
Dubai – Mubasher: The board of the Islamic Arab Insurance Company (Salama) recommended reducing the company’s issued share capital from AED 1.21 billion to AED 790.16 million. The capital cut aims to write off accumulated losses of AED 398.16 …
Photo Archive
15 May 2022 07:14 PM Salama's profits exceed AED 9.5m in Q1-22; dividends, accumulated losses announced
Dubai – Mubasher: The Islamic Arab Insurance Company (Salama) has achieved net profits attributable to the shareholders worth AED 9.92 million during the first quarter (Q1) of 2022, compared to AED 22.22 million in Q1-21. The company's net …
Photo Archive
30 March 2022 09:46 AM Salama records lower profits in 2021; dividends proposed
Dubai – Mubasher: The net profits attributable to the shareholders of Islamic Arab Insurance Company (Salama) decreased to AED 40.05 million in 2021, compared to AED 149.36 million in 2020, according to the company's consolidated financials for …
The insurer has logged accumulated losses of AED 371.74 million
15 November 2021 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 2021 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 2021 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 2021 00:48 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 2021 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 2021 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 2021 00:03 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 2021 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 …