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Islamic Arab Insurance Co PJSC (SALAMA)

Last update: 10:52 AM market time.
0.81
-0.00
-0.25%
Open 0.81
Previous Close 0.81
High 0.81
Low 0.81
Stock Statistics
Volume 1,292,358
Turnover 1,046,443.42
All data are 15 minutes late during market session

News

This allegation will not have any impact on the company's financials
17 November 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 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 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 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 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 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 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 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 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 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 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 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 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 …
The company has logged AED 33.3 million in net profit for H1-19
8 August 2019 11:41 AM Salama posts H1 interim financial results
Dubai - Mubasher: Islamic Arab Insurance Company (Salama), listed on the Dubai Financial Market (DFM), on Thursday announced its interim financial results for the first half of 2019. The company has logged AED 33.3 million in net profit for H1-19, …
S&P raised its insurer financial strength and issuer credit ratings on Salama
21 July 2019 10:34 AM S&P upgrades Dubai’s Salama to ‘BBB’
Dubai – Mubasher: S&P Global Ratings announced it has upgraded its insurer financial strength and issuer credit ratings on Islamic Arab Insurance Co (Salama) to 'BBB' from 'BBB-', with a stable outlook. This rating comes following a review of …
The board also announced the appointment of Saeed Mubarak Al Hajeri as a new board member
17 June 2019 00:46 PM Salama elects Jassim Alseddiqi as board chairman
Dubai – Mubasher: Islamic Arab Insurance Co’s (Salama) board of directors has approved to elect Jassim Alseddiqi as the company’s chairman and Saeed Mubarak Al-Hajeri as vice chairman. The board also announced the appointment of Saeed Mubarak Al …
The company’s gross contribution grew by 25% in Q1-19
16 May 2019 00:45 PM Salama Q1 profits up 9%
Dubai – Mubasher: Islamic Arab Insurance Company (Salama), listed on the Dubai Financial Statement, has posted a 9% year-on-year increase in its net profit for the first quarter of 2019. The leading Takaful solutions provider has logged AED 18 …
Salama Insurance to expand, grow in UAE – ADFG CEO
20 November 2018 10:19 AM Salama Insurance to expand, grow in UAE – ADFG CEO
Abu Dhabi – Mubasher: Islamic Arab Insurance Co. “Salama” is seen as having growth opportunities both within the UAE and abroad, Abu Dhabi Financial Group (ADFG) CEO Jassim Al Seddiqi said. The ADFG, which is a major in investor in Salama with a …
Net profit stood at AED 32 million in the period between January and September
13 November 2018 10:53 AM Salama profit soars 158% in 9M
Dubai – Mubasher: Islamic Arab Insurance Co (Salama) on Tuesday reported a 158.08% year-on-year jump in profits for the first nine months of 2018. Net profit stood at AED 32 million in the period between January and September, compared to AED 12.4 …
The deal saw the trading of 370.7 million shares at a value of AED 0.42 per share
6 September 2018 01:14 PM Salama’s stock sees AED 155m deal Thursday
Dubai - Mubasher: A bulky transaction was executed on Islamic Arab Insurance Company’s (Salama) stock on Thursday at a combined value of AED 155.69 million on the Dubai Financial Market (DFM). The deal saw the trading of 370.7 million shares at a …
Salama financials turn profitable in Q3
15 November 2017 00:27 PM Salama financials turn profitable in Q3
Dubai – Mubasher: The Islamic Arab Insurance Company (Salama) reported profits of AED 7.15 million ($1.94 million) in the third quarter of 2017 versus losses of AED 73.6 million ($20 million) in the same period last year, according to the …
Islamic Arab Insurance Company’s (Salama) stock levelled up 3% to AED 0.468 on the Dubai Financial Market (DFM) by 11:10 am UAE time
24 August 2017 10:48 AM Salama stock hits highest level in 4M
By: Mahmoud Gamal Dubai – Mubasher: Islamic Arab Insurance Company’s (Salama) stock levelled up 3% to AED 0.468 on the Dubai Financial Market (DFM) by 11:10 am UAE time, registering its highest level in four months, or since 12 April 2017. The …
Islamic Arab Insurance reported AED 1.1 million in Q2-17 profits
15 August 2017 05:04 PM Salama turns profitable in Q2
Dubai - Mubasher: Islamic Arab Insurance Company (Salama) reported profits of AED 1.09 million in the first quarter of 2017, versus losses of AED 64.19 million for the same period last year, as shown by the company’s financial statements. As for …