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03/03/2009 00:00 AST
Salama-Islamic Arab Insurance, the Islamic insurance (Takaful) companies has recorded an increase of 74 per cent growth in the premium revenue in 2008.
Dr. Saleh Malaikah, Vice-Chairman & CEO of SALAMA said: "The premium growth in UAE can be attributed to the
increasing awareness of the benefits of Shariah compliant insurance."
Meanwhile, the Takaful has made some key reorganisation in its top level management. The reorganisation is part of a major shake-up of the business as it registers increase in customer base and premium collection.
"This change is part of SALAMA's growth strategy to become a major player in the UAE market and a customer focused organisation. The reorganisation would provide us with a bigger part of a market that's still growing despite the shortfall of liquidity, while the new talent will bring fresh perspective into the boardroom", Malaikah said. Noel D'Mello said:" Its been lucky to have a professional and enthusiastic team supporting me and in my new role I plan to take the business to greater heights. My sincere thanks go out to the excellent Distribution Partners who support us in distributing the Family Takaful products across the UAE and I look forward to supporting them even more in my new role."
Khaleej Times
06/06/2011
Dubai-based Islamic Arab Insurance Company (Salama) reported net profit of AED 30.7 million ($8.36 million) for Q1 2011, a significant y-o-y and q-o-q improvement from a net loss of AED 4.4 million (
CPI Financial
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | -0.10 (-0.03 |
| FAB | 17.84 | 0.08 (0.45 |
| EMIRATESNBD | 26.80 | 0.00 (0.00 |
| ADCB | 15.36 | -0.12 (-0.78 |
| ADIB | 23.28 | 0.06 (0.25 |
18/07/2025
QNB Group, announced that Banco Santander, S.A., Barclays Bank PLC, DBS Bank Ltd., Deutsche Bank AG, London Branch, Mizuho International plc, QNB Capital LLC, SMBC Bank International plc and Standard
QNA
18/07/2025
Kuwait's Jazeera Airways has launched the first phase of a Customer Experience (CX) and Feedback Intelligence Platform from LitmusWorld, following its recent upgrade of its Passenger Service Systems
Trade Arabia
17/07/2025
In a strategic move that sets a regional benchmark, Oman Cables Industry (OCI), has secured Environmental Product Declarations (EPDs) for its key cable families reinforcing its position as a regional
Times of Oman
17/07/2025
Emirates NBD has concluded AED3.9 billion ($1.06 billion) Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro 'Blue Line' Project.
Trade Arabia
17/07/2025
Adnoc announced on Wednesday its intention to transfer its 24.9 per cent shareholding in OMV AG to XRG, its wholly-owned international investment company.
This transfer, which is subject to
Khaleej Times
Financial Information Co.
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