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Islamic Arab Insurance Co. (Salama) Pjsc (United Arab Emirates)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Islamic Arab Insurance Co. (Salama) Pjsc Profile Updated: March 12, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Islamic Arab Insurance Company (PSC), also known as Salama, is a United Arab Emirates-based public shareholding company established in 1979 in Dubai. It provides all classes of general life and non-life insurance services in accordance to the Islamic Sharia principles. The main activities of the company are Insurance against Fire & Allied Perils, Property All Risk, Money Insurance, Fidelity Guarantee, banks insurance, Workmen Compensation, Employer`s Liability Insurance, liability due to negligence arising out of accidents during the course of their business operations, contractors` insurance, individual personal accident, group personal accident, insurance on hull & machinery, marine cargo insurance, vehicle export insurance, deterioration of stock insurance, electronic machinery insurance, profit loss due to machinery break down, yachts& boats insurance.

Headquarters
4Th Floor, Block A, Spectrum Building, Oud Metha, Sheikh Rashid Road, P.O. Box 10214
Dubai; Northern Emirates;

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Website: http://www.salama.ae

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1979
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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16.315%
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13.597%
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13.285%
Subsidiaries
Tariic Holding Company B.S.C (Bahrain)
99.4%
Misr Emirates Life Takaful - (Salama) S.A.E (Egypt)
85.19%
Salama Immobilier (Senegal)
84.25%
Company Performance
Financial values in the chart are available after Islamic Arab Insurance Co. (Salama) Pjsc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
22.35%
Operating profit (EBIT)
369.83%
Net Profit (Loss) for the Period
-26.15%
Total assets
-14.1%
Investments
-6.07%
Total equity
-0.82%
Net Premiums Earned Trend
12.41%
Net Profit Trend
15.69%
Return on Equity (ROE)
-0.79%
Loss Ratio
-53.58%
Underwriting Expenses Ratio
-53.81%

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