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MarketScreener Homepage  >  Equities  >  Dubai Financial Market  >  Islamic Arab Insurance Co. (Salama)    SALAMA   AEI000301012

ISLAMIC ARAB INSURANCE CO. (SALAMA)

(SALAMA)
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Business Summary
Islamic Arab Insurance Company PSC (Salama) is a United Arab Emirates-based public shareholding company that provides, together with its subsidiaries, all classes of general and family insurance, and reinsurance services in accordance to the Islamic Sharia principles. The Company offers its services through three main segments: Family Takaful includes baity finance protection plan, hemaya family takaful plan, hyat, idikhar saving plan, Iqra child’s future plan, istithmar investment plan, maash retirement plan and momayaz investment plan; Health Takaful offers a range of health insurance solutions, and Family Takaful includes baity finance protection plan, hemaya family takaful plan, hyat, idikhar saving plan, Iqra child’s future plan, istithmar investment plan, maash retirement plan and momayaz investment plan, and General Takaful covers, among others, travel, fire & allied perils, property all risk, business interruption, money insurance, fidelity guarantee and bankers blanket cover.
Sales per Business
20182019Delta
AED (in Million)%AED (in Million)%
General Takaful389.6851.2%425.1250.8% +9.09%
Family Takaful374.7149.2%404.7448.4% +8.01%
Sales per region
20182019Delta
AED (in Million)%AED (in Million)%
Asia561.5773.7%609.5872.8% +8.55%
Africa202.8226.6%220.2826.3% +8.61%
Managers and Directors
NameAgeSinceTitle
Fahim Mohamed Ahmed Al-Shehhi-2021Chief Executive Officer
Jassim Mohammed Al-Seddiqi352019Chairman
Muhammad Zaheer Iqbal-2020Chief Financial Officer
Lindsay D'Mello-2007Senior Manager-Information Technology
Saeed Mubarak Rashed Al-Hajeri-2019Vice Chairman
Mohammed Hussain Al-Khoori-2019Director
Mustafa Ghazi Kheriba46-Director
Fraih Saeed Helal Fraih Al-Qubaisi-2018Director
Mohammad Daud Bakar, Dr.56-Chairman-Shariah Board
Mohammed Amin Ali Qattan, Dr.-1995Member-Shariah Board
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,210,000,000 716,795,623 59.2% 21,667,377 1.8% 59.2%
Shareholders
NameEquities%
Abu Dhabi Capital Management Ltd. (Private Equity) 160,750,000 13.3%
Mohammad bin Ahmad bin Saeed Al Qassimi 159,525,190 13.2%
Ajman Bank PJSC 151,250,000 12.5%
Jassim Al-Ansari 4,000,000 0.33%
Dimensional Fund Advisors LP 3,072,636 0.25%
Chimera Investments LLC 348,360 0.029%
Company contact information
Islamic Arab Insurance Co.
Spectrum Building
Sheikh Rashid Road, Oud Metha
4th Floor, Block A
Dubai

Phone : +971.4.357.7000
Fax : +971.4.357.7930
Web : http://www.salama.ae