Stock SALAMA ISLAMIC ARAB INSURANCE CO. (SALAMA)
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Company Islamic Arab Insurance Co. (Salama)

Equities

SALAMA

AEI000301012

Multiline Insurance & Brokers

Market Closed - Dubai FM
Other stock markets
 06:55:03 2024-04-25 am EDT 		5-day change 1st Jan Change
0.395 AED -1.99% Intraday chart for Islamic Arab Insurance Co. (Salama) +4.22% -28.18%
Apr. 01 Salama Swings to Loss in FY23; Revenue Up MT
Mar. 31 Islamic Arab Insurance Co. PJSC Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Business Summary

Islamic Arab Insurance Co PJSC is a United Arab Emirates-based entity which is primarily engaged in insurance, and reinsurance services in accordance with the Islamic Sharia principles. The Company has two segments which include general takaful segment and family takaful segment. The Company’s services include comprehensive car insurance, third party car insurance, fleet insurance, health takaful, individual health plan, group health plan, whole of life plan, term plan, savings plan, investment plan, contractor all risks insurance, business interruption plan, marine cargo insurance, property all risk insurance, etc.

Sales per Business

AED in Million2022Weight2023Weight Delta
General Takaful
76.8 %
527 71.5 % 854 76.8 % +61.90%
Family Takaful
23.2 %
210 28.5 % 257 23.2 % +22.61%

Sales per region

AED in Million2022Weight2023Weight Delta
Asia
81.3 %
536 72.7 % 903 81.3 % +68.40%
Africa
18.7 %
201 27.3 % 208 18.7 % +3.51%

Managers

Managers TitleAgeSince
Walter Jopp CEO
 Chief Executive Officer - 23-05-17
Fadi Hosn DFI
 Director of Finance/CFO - -
Laila Yousif Othman ADM
 Chief Administrative Officer - 17-01-31
Sadia Khanam Noori SAM
 Sales & Marketing - 13-01-12
Muhammed Ashraf Abedi AUD
 Comptroller/Controller/Auditor - 16-09-17
Khaled Barakat LAW
 General Counsel - 16-10-31

Members of the board

Members of the board TitleAgeSince
Saeed Al-Hajeri CHM
 Chairman - 19-06-09
Mohammad Daud Bakar SHA
 Shariah Board Member 60 -
Mohammed Qattan SHA
 Shariah Board Member - 94-12-31
Amin Fateh SHA
 Shariah Board Member - -
Mohammed Ahmed Bin Abdulaziz Al-Shehhi BRD
 Director/Board Member - 21-03-20
Saeed Al-Qassimi BRD
 Director/Board Member - 20-09-01
Ahmad Mohammad Ibrahim Al-Sadah BRD
 Director/Board Member - 20-09-01
Maha Al-Fahim BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 939,589,000 513,551,530 ( 54.66 %) 16,830,489 ( 1.791 %) 54.66 %

Shareholders

NameEquities%Valuation
AJMAN BANK
29.60 %
278,120,222 29.60 % 28 M AED
Mohammad Al-Qassimi
13.60 %
127,757,101 13.60 % 13 M AED
Pension Reserves Investment Management Board
0.0510 %
478,919 0.0510 % 47 863 AED
Itqan Capital Co.
0.0295 %
277,028 0.0295 % 27 686 AED
Dimensional Fund Advisors Ltd.
0.004956 %
46,567 0.004956 % 4 654 AED
DFA Australia Ltd.
0.002006 %
18,852 0.002006 % 1 884 AED

Company contact information

Islamic Arab Insurance Co.

Spectrum Building Sheikh Rashid Road, Oud Metha

, Dubai

+

http://www.salama.ae
address Islamic Arab Insurance Co. (Salama)(SALAMA)

Sector

Financials
Insurance
Insurance
Multiline Insurance & Brokers
Islamic Insurance

Sales per Business

Sales per region

Sector Islamic Insurance

1st Jan change Capi.
ISLAMIC ARAB INSURANCE CO. (SALAMA) Stock Islamic Arab Insurance Co. (Salama)
-28.18% 101M
ALJAZIRA TAKAFUL TAAWUNI COMPANY Stock Aljazira Takaful Taawuni Company
+13.29% 339M
AL-ETIHAD COOPERATIVE INSURANCE COMPANY Stock Al-Etihad Cooperative Insurance Company
+46.47% 323M
QATAR ISLAMIC INSURANCE GROUP Q.P.S.C. Stock Qatar Islamic Insurance Group Q.P.S.C.
-10.11% 330M
DAMAAN ISLAMIC INSURANCE COMPANY "BEEMA" (Q.P.S.C.) Stock Damaan Islamic Insurance Company "Beema" (Q.P.S.C.)
-5.99% 206M
ARABIAN SCANDINAVIAN INSURANCE COMPANY (PLC) - TAKAFUL - ASCANA INSURANCE Stock Arabian Scandinavian Insurance Company (PLC) - Takaful - ASCANA Insurance
+3.77% 69.19M
FIRST TAKAFUL INSURANCE COMPANY - KPSC Stock First Takaful Insurance Company - KPSC
+258.62% 72M
Islamic Insurance
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