Last SR29.40 SAR
Change Today -0.07 / -0.24%
Volume 152.2K
SALAMA On Other Exchanges
Saudi Arabia
As of 8:30 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

salama cooperative insurance (SALAMA) Snapshot

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Day High
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52 Week High
05/15/14 - SR47.90
52 Week Low
12/17/14 - SR19.90
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Average Volume 10 Days
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salama cooperative insurance (SALAMA) Details

Salama Cooperative Insurance Company provides Shari’ah compliant insurance solutions to individual and institutional customers worldwide. The company operates through Medical, Motor, and Other segments. It offers health, and motor comprehensive and third party insurance products. The company also provides property insurance products comprising fire and allied perils, and property all risk insurance products; marine cargo and hull insurance products; and engineering insurance products, including erection all risks, contractor’s all risks, contractor’s plant and machinery, machinery loss of profit, machinery, boiler and pressure vessel, electronic equipment, comprehensive machinery, and comprehensive project insurance products. In addition, it offers miscellaneous insurance products, such as personal accident, workmen’s compensation, traveler’s accident and hospitalization, public liability, product liability, employer’s liability, fidelity guarantee, cash in transit/cash in safe, and plate glass. The company was formerly known as Saudi IAIC Cooperative Insurance Company and changed its name to Salama Cooperative Insurance Company in 2012. Salama Cooperative Insurance Company was incorporated in 1979 and is headquartered in Jeddah, Saudi Arabia.

Founded in 1979

salama cooperative insurance (SALAMA) Top Compensated Officers

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salama cooperative insurance (SALAMA) Key Developments

Salama Cooperative Insurance Co. Announces Earnings Results for the Third Quarter and Nine Months of 2014

Salama Cooperative Insurance Co. announced earnings results for the third quarter and nine months of 2014. For the quarter, the company reported net profit of SAR 763,000 against net loss of SAR 6.46 million a year ago. Net profit of policy holders investment grew 16.4% to SAR 468,000. Net profit of shareholders capital investment plummeted 62.4% to SAR 1.07 million. Net written premiums surged 57% on an annual basis to SAR 70.8 million while gross written premiums soared 54.6% to SAR 74.8 million. The company turned to a net profit before zakat of almost SAR 5 million in the first nine months of 2014, from a loss of SAR 17 million for the corresponding period of 2013. Earnings per share (EPS) stood at SAR 0.42, compared to a loss per share of SAR 1.84 for the year-earlier period. As of the end of the reported period, the accumulated losses of the company amounted to SAR 70.65 million which represents almost 71% of its capital.

Egyptian Saudi Insurance To Acquire 10% Interest In Salama Entity

Egyptian Saudi Insurance House plans to acquire a share in Salama Family Takaful Company which has been set up by SALAMA Cooperative Insurance Company (SASE:8050). Egyptian Saudi Insurance has decided to provide about 10% of the capital in the Salama Family Takaful, according to the company's Managing Director Abdel-Raouf Kotb.

Salama Cooperative Insurance Announces Resignation of Faisal Mustafa Alkurdi as Non Executive Board Member

SALAMA Cooperative Insurance Company announced that the Board Member Mr. Faisal Mustafa Alkurdi (Non executive) has submitted his resignation from his position to Board of Directors with effect from September 8, 2014 due to personal reasons and committments.


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Valuation SALAMA Industry Range
Price/Earnings 100.0x
Price/Sales 1.1x
Price/Book 11.2x
Price/Cash Flow 235.4x
TEV/Sales 0.5x

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