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Salama Cooperative Insurance Company (often referred to as just "Salama"), has an interesting backstory. Its roots trace back to 1979 when the Islamic Arab Insurance Company (Salama) was registered in the United Arab Emirates (UAE). Over time, it has grown into one of the largest players in the Takaful and Re-takaful industry within the MENA (Middle East and North Africa) region. Takaful and Re-takaful are insurance and reinsurance models that adhere to Islamic principles. They emphasize cooperation, mutual assistance, and risk-sharing among participants, rather than traditional profit-driven insurance practices. Salama is all about insurance solutions that align with Shariah (Islamic law). The company's services and products include: all types of car insurance, medical insurance, property insurance, buildings and real estate, engineering and construction insurance, and marine insurance. Salama's vision is to be the leading provider of innovative and customized insurance solutions, backed by robust financial resources and a stellar team. They aim to achieve global leadership in the cooperative insurance industry in terms of shareholders' equity and market share. Salama Cooperative Insurance serves both individual and institutional customers across several countries: UAE, Saudi Arabia, Egypt, Senegal, Jordan, Algeria, Tunisia. Their headquarters are in the vibrant city of Jeddah, Saudi Arabia.
Abdullah A. Sultan
Badr K. Al-Anzi
Khalid M. S. Bajunaid
Mohammad T. Al-Safi
Wael A. Al-Bassam
PriceWaterhouseCoopers
Crowe Solutions for Professional Consulting
CFO
The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty ...
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Salama Cooperative Insurance Co announces obtaining on 01-07-2013 corresponding to 22-08-1434 the ...
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Salama Announces its financial results for the year 2012 and reports underwriting loss of AED 264 ...
Read More ...Announced On | Period | As Of | Net Profit (SAR Mil) | Growth (%) |
---|---|---|---|---|
04/11/2024 | 9-Month | 30/09/2024 | 27 | -36.31 |
01/08/2024 | 6-Month | 30/06/2024 | 21 | -29.11 |
13/05/2024 | 3-Month | 31/03/2024 | 10 | -20.53 |
17/03/2024 | 12-Month | 31/12/2023 | 51 | 0 |
02/11/2023 | 9-Month | 30/09/2023 | 46 | 0 |
Market Cap US$ Mil |
Last Price Local Cry |
Price Change (%) 1 Day |
Price Change (%) 1 Year |
P/E TTM | P/B MRQ | Dividend Yield (%) | Beta | ROA (%) | ROE (%) | |
---|---|---|---|---|---|---|---|---|---|---|
BUPAARABIA | 6,707.81 | 167.2 | -0.36 | -9.74 | 21.59 | 5.99 | 0 | 0.88 | 7.41 | 26.44 |
TAWUNIYA | 5,772.39 | 142.2 | -1.53 | 25.44 | 22.95 | 6.02 | 0 | 1.09 | 5.66 | 23.76 |
ALRAJHITAKAFUL | 4,359.94 | 158 | -3.43 | 171.63 | 41.69 | 11.8 | 0 | 1.1 | 4.63 | 29.95 |
RASAN | 1,682.72 | 85.4 | 2.52 | 0 | 97.3 | 0 | 0 | 0 | 0 | 0 |
SAUDIRE | 1,116.02 | 48.9 | 4.04 | 158.2 | 8.47 | 5.77 | 0 | 1.05 | 2.32 | 7.74 |
GINS | 1,106.01 | 1,250 | 5.21 | -38.39 | 0 | 2.64 | 4.2 | 0.07 | 1.74 | 11.49 |
ADNIC | 1,031.77 | 6.63 | -0.31 | 0 | 9.09 | 1.3 | 0 | 0.24 | 3.55 | 12.47 |
MEDGULF | 693.97 | 25 | 0.8 | 93.01 | 16.28 | 2.09 | 0 | 1 | -10.34 | -92.54 |
AINS | 571.63 | 804 | 0 | 24.03 | 0 | 1.46 | 6.62 | 0.13 | 3.79 | 9.34 |
WALAA | 525.9 | 23.2 | 0 | 16.16 | 15.22 | 1.7 | 0 | 1.13 | 7.93 | 25.35 |
SUKOON | 465.17 | 3.7 | 0 | 0 | 6.43 | 0.87 | 0 | 0.08 | 1.06 | 4.17 |
ARABIANSHIELD | 424.56 | 20.04 | 0.4 | 14.56 | 19.23 | 1.08 | 0 | 1.09 | 8.66 | 27.25 |
CHUBB | 375.77 | 48.1 | 2.34 | 49.72 | 72.6 | 3.79 | 0 | 1.13 | 5.57 | 13.53 |
KUWAITRE | 372.03 | 397 | 0 | 13.99 | 0 | 1.4 | 5.21 | -0.01 | 3.72 | 9.79 |
KINS | 357.73 | 594 | 0.67 | 31.11 | 0 | 1.55 | 9.01 | 0.06 | 4.28 | 10.42 |
DIN | 351.14 | 12.9 | 0 | 71.81 | 10.87 | 2.78 | 0 | -0.1 | 2.56 | 6.85 |
GIG | 340.59 | 28.3 | -0.36 | 1.4 | 19.62 | 2.4 | 0 | 1.14 | 2.46 | 9.86 |
LIVA.MSM | 330.48 | 0.32 | 0 | -4.48 | 0 | 0 | 0 | 0.08 | 0 | 0 |
EIC.ADX | 324.6 | 7.95 | 0 | 0 | 0 | 1.02 | 8.33 | 0.03 | 4.16 | 9.85 |
JAZIRATKFL | 274.74 | 15.62 | 0 | 2.97 | 28.65 | 1.43 | 0 | 1.11 | 5.1 | 7.97 |
WATANIYA | 252.43 | 23.4 | -1.19 | 32.04 | 9.28 | 2.22 | 0 | 1.05 | 5.82 | 24.29 |
MUTAKAMELA | 243.69 | 15.44 | 1.31 | 5.66 | 60.28 | 1.25 | 0 | 1.06 | 1.46 | 12.2 |
ALETIHAD | 227.59 | 17.1 | 0.11 | 0 | 10.69 | 0 | 0 | 0 | 0 | 0 |
AWNIC | 223.13 | 3.96 | 0 | 0 | -12.72 | 0.98 | 0 | 0.06 | 4.05 | 6.88 |
NGI | 200.25 | 4.86 | 8.96 | 3.13 | 6.06 | 1.47 | 0 | 0 | 2.65 | 7.28 |
GULFUNIONALAHLIA | 196.92 | 15.9 | -1.25 | 15.54 | 9.96 | 1.54 | 0 | 1.06 | 4.41 | 16.62 |
ARIG | 193.6 | 0.88 | 0 | 0 | 7.69 | 0.75 | 10.1 | 0.03 | 0.86 | 3.8 |
MALATHINSURANCE | 186.55 | 13.82 | -1.29 | 3.21 | 26.99 | 6.39 | 0 | 1.07 | -0.49 | -5.25 |
ABNIC | 183.74 | 2.7 | 0 | 0 | 0 | 1.04 | 0 | -0.07 | 2.19 | 6.02 |
AICC | 183.62 | 12.94 | -0.47 | -5.74 | 15.37 | 1.36 | 0 | 0.99 | 2.15 | 6.89 |
LIVA | 179.73 | 16.9 | 0.23 | -7.72 | 23.57 | 1.89 | 0 | 1.12 | 4.74 | 10.5 |
BURUJ | 161.18 | 20.38 | 1.09 | 12.39 | 44.15 | 1.32 | 0 | 1.1 | 10.12 | 31.24 |
BNH | 149.84 | 0.5 | 0 | 0 | 10.71 | 1.17 | 3.88 | 0.04 | 4.3 | 7.72 |
DHAFRA | 146.99 | 5.4 | 0 | 0 | 11.56 | 1.61 | 0 | -0.08 | 3.14 | 10.13 |
SAICO | 134.32 | 16.9 | 0.59 | 24.68 | 10.34 | 1.27 | 0 | 1.06 | 3.42 | 14.39 |
BKIC | 128.38 | 0.34 | 0 | 0 | 10.12 | 0.71 | 6.12 | -0.08 | 1.42 | 7.42 |
TKFL | 127.76 | 4.47 | 0 | 0 | 4.43 | 1.48 | 4 | -0.14 | 5.39 | 16.79 |
ACIG | 123.93 | 15.64 | -2.13 | 25.26 | 9.72 | 2.34 | 0 | 1.01 | 2.02 | 7.98 |
ALSAGRINSURANCE | 120.08 | 14.96 | -0.4 | 22.66 | 15.88 | 0.8 | 0 | 1.08 | 1.22 | 2.93 |
AMANAINSURANCE | 118.03 | 10.22 | -0.78 | -1.2 | 55.29 | 1.13 | 0 | 1.24 | 2.44 | 8.65 |
DNIR | 117.58 | 3.74 | 0 | -16.44 | 9.92 | 0.86 | 0 | 0.03 | 5.66 | 10.02 |
ALAIN | 112.28 | 27.5 | 0 | 0 | 0 | 0.36 | 3.33 | -0.04 | 0.89 | 4.23 |
RAKNIC | 108.94 | 3.3 | 0 | 0 | 0 | 1.51 | 0 | -0.02 | 4.14 | 13.97 |
UCA | 107.45 | 9.85 | -2.29 | 22.99 | 20.4 | 1.11 | 0 | 0.99 | 4.36 | 15.87 |
ALLIANCE | 106.16 | 390 | 0 | 0 | 0 | 0.85 | 0 | 0 | 3.59 | 10.4 |
SALAMA.DFM | 102.3 | 0.4 | 0 | -8.73 | -2.69 | 0.67 | 0 | 1.05 | 1.35 | 6.71 |
BKIKWT | 93.61 | 191 | 0 | 0 | 0 | 0 | 0 | -0.04 | 0 | 0 |
WINSRE | 92.29 | 165 | 1.22 | 50.93 | 0 | 0.68 | 16.34 | 0.33 | -4.25 | -8.4 |
SALAMA | 91.68 | 17.14 | -0.35 | 0 | 14.45 | 1.78 | 0 | 1.12 | 6.59 | 24.57 |
ORIENT | 90.23 | 66.3 | 0 | 0 | 0.51 | 0.14 | 0 | 0 | 5.28 | 14.46 |
GULFGENERAL | 88.42 | 11.12 | 0.54 | 5.44 | -32.36 | 1.07 | 0 | 1.21 | 4.81 | 12.27 |
ORIC | 77.18 | 0.09 | 0 | 0 | 14.06 | 0 | 0 | 0 | 0 | 0 |
AFNIC | 76.08 | 210 | 0 | 0 | 0 | 0.99 | 0 | 0 | 5.59 | 12.64 |
ENAYA | 74.41 | 12.28 | 1.15 | -13.64 | -16.76 | 1.51 | 0 | 1.21 | -3.77 | -8.59 |
FIDELITYUNITED | 69.68 | 1.6 | 0 | 0 | 0 | 1.7 | 0 | 0 | 0.3 | 0.92 |
SOLID | 68.63 | 0.42 | 0 | 0 | 9.7 | 1.98 | 0 | 0.03 | -2.03 | -5 |
DICS | 67.23 | 0.23 | 0 | 9.52 | 6.02 | 2.81 | 0 | 0.13 | -1.1 | -7.19 |
FTI | 64 | 173 | -5.47 | -31.06 | 0 | 1.59 | 0 | 0.01 | 13.45 | 19.88 |
OUIC | 62.22 | 0.24 | 0 | 0 | 10.34 | 0.86 | 0 | 1.22 | 2.72 | 10.66 |
SICO | 61.76 | 1.65 | 0 | 0 | 0 | 1.04 | 0 | 0.01 | 10.26 | 17.29 |
OQIC | 57.03 | 0.22 | 0 | 16.04 | 16.79 | 0 | 0 | 0.04 | 0 | 0 |
SUKOONTAKAFL | 56.59 | 1.35 | 0 | -65.38 | 9.97 | 0.69 | 0 | 0.03 | 4.03 | 8.06 |
TAKAFULEM | 53.9 | 1.34 | 1.51 | 136.18 | 4.45 | 1.21 | 0 | 0.39 | 0.52 | 3.98 |
WATANIA | 47.45 | 0.67 | 0 | 0 | 6.09 | 0 | 0 | 0.68 | 0 | 0 |
UNION | 43.24 | 0.48 | 0 | 0 | 0 | 0.52 | 0 | 0.14 | 0.48 | 2.86 |
ASNIC | 41.32 | 0.66 | 0 | -0.45 | -1.76 | 0.34 | 0 | 0.04 | 0.54 | 1.41 |
AMAT | 36.29 | 0.08 | 0 | -6.67 | 8.42 | 0 | 0 | 1 | 0 | 0 |
AFIC | 32.14 | 0.12 | 0 | 0 | 7.84 | 0 | 0 | 0.14 | 0 | 0 |
IH | 27.48 | 0.85 | 0 | 0 | 0 | 1.17 | 0 | -0.01 | 1.61 | 4.72 |
METHAQ | 26.54 | 0.65 | 0 | 0 | 0 | 1.27 | 0 | 0.45 | 3.1 | 20.9 |
AMAN | 23.35 | 0.38 | 0 | -18.09 | -3.78 | 1.11 | 0 | 0.53 | -1.23 | -19.5 |
TAOI | 20.74 | 0.05 | 0 | 0 | 12.5 | 0 | 0 | 0.24 | 0 | 0 |
TAKAFUL | 19.8 | 0.12 | 0 | -6.25 | 6.67 | 1.15 | 0 | 0.1 | 0.52 | 3.12 |
WETHAQ | 15.55 | 42 | -2.33 | 67.72 | 0 | 0.4 | 0 | 0.29 | 3.29 | 3.31 |
MCTI | 9.15 | 0.32 | 0 | -13.51 | 21.33 | 0.19 | 0 | 0.04 | 2.57 | 8.13 |
AKIC | 6.53 | 0.24 | 0 | 0 | -0.41 | 0.68 | 0 | -0.03 | -19.63 | -93.13 |
BEMA | 0 | 4 | -2.44 | 2.79 | 0 | 0 | 0 | 0 | 0 | 0 |
QLMI | 0 | 1.96 | -3.45 | -9.11 | 0 | 0 | 0 | 0 | 0 | 0 |
QATI | 0 | 2 | -1.97 | -5.42 | 0 | 0 | 2.99 | 1.1 | 2.21 | 10.42 |
AKHI | 0 | 2.48 | -0.41 | -14.62 | 0 | 0 | 4.88 | 0.36 | 0.64 | 1.2 |
QGRI | 0 | 1.07 | 0 | 6.7 | 0 | 0 | 5.06 | 0.3 | -26.79 | -45.51 |
QISI | 0 | 8.7 | 0.23 | 0.18 | 0 | 0 | 6.88 | 0.57 | 11.98 | 23.54 |
DOHI | 0 | 2.55 | 0.39 | -0.85 | 0 | 0 | 5.82 | 0.22 | 5.01 | 13.46 |