Islamic Arab Insurance Co PJSC (SALAMA)

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News

19 October 06:46 PM Salama’s shareholders approve capital reductions to offset accumulated losses

Dubai - Mubasher: The shareholders of Islamic Arab Insurance Company (Salama) have approved a capital reduction at the general assembly’s meeting on 16 October, according to a press release. The capital reduction aims to offset accumulated losses …

Management Decisions

10 August 06:23 PM Salama registers lower net profits at AED 8m in H1-25

Dubai - Mubasher: Islamic Arab Insurance Company (Salama) reported net profits of AED 8.24 million in the first six months (6M) of 2025, marking a year-on-year (YoY) drop from AED 20.53 million. Takaful revenues fell to AED 515.35 million in the …

Banking and Finance

25 March 10:36 AM Salama names Bouabane as CEO

Dubai – Mubasher: Islamic Arab Insurance Company (Salama) appointed Mohamed Ali Bouabane as its CEO as of 21 March 2025, according to a bourse disclosure. The appointment came after obtaining the necessary regulatory approvals from the Central …

Corporate Actions

17 November 2024 11:23 AM Salama recorded AED 30.5m net profits in 9M-24

Dubai – Mubasher: Islamic Arab Insurance Company (Salama) logged net profits amounting to AED 30.41 million in the first nine months (9M) of 2024, down year-on-year (YoY) from AED 18.56 million. Takaful revenue amounted to AED 802.83 as of 30 …

Financial Results

15 August 2024 09:56 AM Salama’s profits up to AED 20.5m in H1-24

Dubai – Mubasher: Islamic Arab Insurance Company (Salama) generated AED 20.53 million in net profit during the first half (H1) of 2024, marking an annual hike of 67% from AED 12.26 million. Takaful revenues declined year-on-year (YoY) to AED …

Financial Results

16 May 2024 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 March …

Banking and Finance

18 February 2024 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 …

Banking and Finance

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 …

Financial Results

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 …

Financial Results

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 …

Corporate Actions

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 …

Management Decisions

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 …

Corporate Actions

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 …

Financial Results

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 …

Corporate Actions

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. …

Companies Investments

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 …

Financial Results

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 …

Mergers and Acquisitions

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 …

Financial Results

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 …

Management Decisions

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 …

Financial Results

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 …

Cash Dividends

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, …

Financial Results

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 …

Financial Results

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 …

Financial Results

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 …

Cash Dividends