SALAMA COOPERATIVE I

8050
End-of-day quote. End-of-day quote  - 11/23
25.4SAR +1.20%
Business Summary
Financials
Insurance
 Insurance
  Multiline Insurance & Brokers
   Islamic Insurance
Salama Cooperative Insurance Co SJSC, formerly Saudi IAIC Cooperative Insurance Company (Salama), is a Saudi Arabia-based joint stock company engaged in the provision of cooperative insurance solutions in compliance with Islamic Sharia (Takaful) principles. The Company is organized into three business segments: The Medical segment provides compensation to holders for expenses incurred in treatment of a disease, illness or injury; the Motor segment provides coverage against losses and liability related to motor vehicles, and the Others segment includes property, marine, engineering, accident and liability and miscellaneous categories. Salama serves both individual and institutional customers through six direct Takaful companies in the United Arab Emirates, Saudi Arabia, Egypt, Senegal, Algeria and Jordan, in addition to Re-Takaful Company located in Tunis.
Sales per Business
20182019
SAR
(in Million)
%SAR
(in Million)
%
Motor 643.5386.3% 390.1275.3%
Medical 84.8011.4% 113.6421.9%
Others 10.281.4% 8.401.6%
Sales per region
20182019
SAR
(in Million)
%SAR
(in Million)
%
Saudi Arabia 738.6199% 512.1798.9%
Managers
Name Title
Omar Mohammed Hashim Al-Ajlani Chief Executive Officer
Loay Hamza Saleh Basrawi Chairman
Ammar Ahmad Hamza Ghurab Chief Operating Officer
Khalid Mohammad Bajnaid Chief Financial Officer
Alla Harbi Manager-Medical Operations
Shareef Muhsin Deputy Chief Information Technology
Abdullah Biary Chief Information Security Officer
Hussein Hassan Ali Biyari Non-Executive Director
Ahmad Ali Ibrahim Al-Shutaifi Independent Director
Mazen Ibrahim Abdulsalam Independent Director
Shareholders
Name Equities %
Islamic Arab Insurance Co. (Salama) PJSC 7,500,000 30.0%
Norges Bank Investment Management 749,999 3.00%
Hussein Hassan Ali Biyari 500,000 2.00%
Rashid Abdullah Al-Suaiket 500,000 2.00%
Company contact information
SALAMA Cooperative Insurance Co.
Salama Tower
Madinah Road
12th Floor
Jeddah, Mecca 21491

Phone : +966.2.664.7877
Fax : +966.2.664.7387
Web : http://www.salama.com.sa
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