Salama

NEWS DESK

SALAMA reports profits of AED 17.58 million in Q1 2024

News Desk 2 15/05/2024

Islamic Arab Insurance Company (DFM listing: “SALAMA”), UAE’s largest Takaful solutions provider, has reported topline growth with a profit of AED 17.58 million in its first quarter (Q1) results of 2024 today. Continuing in its growth trajectory, SALAMA’s profit increased by 118%, compared to

NEWS DESK

SALAMA strengthens UAE presence with new Abu Dhabi office

News Desk 2 13/05/2024

Islamic Arab Insurance Company (DFM listing: “SALAMA”), UAE’s largest Takaful solutions provider, has strengthened its regional position with the opening of its contemporary Abu Dhabi office. The new office is a milestone for SALAMA, furthering its commitment to fulfilling the protection and insurance needs of the dynamic Abu Dhabi community. As the company continues its

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SALAMA reports audited FY 2023 results

News Desk 1 01/04/2024

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, has received board approval for its audited financial statements for the year ended December 31, 2023. The company reported Takaful revenue of AED 1.111 billion in 2023, an increase of 20% from the year ended December 31, 2022. SALAMA posted a net loss of AED 139.327 […]

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SALAMA records full-year revenue of AED 1.11 billion

News Desk 1 15/02/2024

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2023 fiscal year. The company recorded insurance revenue of AED 1.11 billion in 2023, an increase by 20% from fiscal year 2022. Total assets registered an increase at AED 3.70 billion in 2023, in comparison to AED 3.57 billion in […]

NEWS DESK

SALAMA reports strong financial performance with 19% growth in net profit

News Desk 1 15/11/2023

Islamic Arab Insurance Company (DFM listing: “SALAMA”), UAE’s largest Takaful solutions provider, posted a net profit of AED 18.6 million for the first nine months of 2023 (9M 2023), a healthy 19% rise from AED 15.6 million reported in the corresponding period of the previous year. The company reported a significant 21% growth in revenue […]

NEWS DESK

SALAMA reports successful Q1 2023 results

News Desk 2 15/06/2023

Dubai, June 15, 2023: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, the UAE’s largest Sharia’h Compliant Takaful solutions provider, reported profit of AED 8.04 million in its first quarter results (Q1) of 2023 today. The company successfully implemented new IFRS 17 standards, which came into force on January 1, 2023. This significant

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UAE’s largest Takaful insurer SALAMA prepares for new growth phase with appointment of Walter Jopp as Chief Executive Officer

News Desk 2 19/05/2023

Dubai, 19 May 2023: Islamic Arab Insurance Company (SALAMA), the UAE’s largest Sharia’h Compliant Takaful solutions provider announced the appointment of Walter Jopp as Chief Executive Officer today, following approval of the Central Bank of the UAE. Having spent over 25 years in the insurance industry across global markets, Walter brings a wealth of experience […]

NEWS DESK

SALAMA Appoints New Chairman and Vice Chairman to Board of Directors

News Desk 2 25/04/2023

Dubai, April 25, 2023: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, today announced the appointment of a new Chairman and Vice Chairman to the Board of Directors, as well as a distinguished board of directors for a term of three years following the company’s Annual General Meeting

NEWS DESK

SALAMA’s FY 2022 preliminary Net Profit

News Desk 2 15/02/2023

SALAMA posted a net profit of AED 45.27mn in FY 2022, which was a result of the Company’s strategy to extend its leadership position in the UAE Takaful industry led by consistent growth in gross written contributions and prudent underwriting controls, as well as continuing investment in strategic partnerships. SALAMA’s gross written contributions for 2022 […]