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Islamic Arab Insurance Company

SALAMA

0.451

-0.004

-0.880%

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Open Price	Closing Price	Previous Price	Change (%)	High	Low

Buy (Price)	Buy (Volume)	Sell (Price)	Sell (Volume)	52 High	52 Low
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Last Trade			Number of Trades	Volume	Value
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Market: DFM
Symbol: SALAMA
ISIN: AEI000301012
Sector: Insurance

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Islamic Arab Insurance Co. (Salama) (“the Company”) is a public shareholding company, registered in the Emirate of Dubai, United Arab Emirates (UAE) and operates through various branches in the UAE. The principal activity of the Company is the writing of all classes of general takaful and family takaful business, in accordance with Islamic Shari’a principles and in accordance with the relevant Articles of the Company and the UAE Federal Law No. 8 of 1984 (as amended) concerning commercial companies and UAE Federal Law No. 6 of 2007, concerning regulations of insurance operations.

Key Facts

Board Members

Top Management

Equity Profile

Subsidiaries

Contact Details

Head Office:

Dubai, UAE

Address:

4th Floor, Spectrum Building, Sheikh Rashid Road, P.O. Box 10214, Dubai, UAE.

Phone No.

+9714 357 7000

Fax No.

+9714 3577418

Email address:

info@salama.ae

Website:

http://www.salama.ae/

Showing Last 10 Disclosures - SALAMA View all

SALAMA 10-03-2019 08:42 AM Results of BOD meeting	1 File(s)
SALAMA 05-03-2019 08:35 AM BOD meeting	1 File(s)
SALAMA 16-02-2019 10:31 AM Preliminary financial results for the year of 2018	1 File(s)
SALAMA 24-12-2018 08:33 AM Minutes of General Assembly	1 File(s)
SALAMA 23-12-2018 10:30 AM Resolutions of General Assembly	1 File(s)
SALAMA 17-12-2018 08:14 AM Postponing General Assembly for the lack of quorum	1 File(s)
SALAMA 11-12-2018 09:03 AM Nominees for Board of Directors membership	1 File(s)
SALAMA 25-11-2018 10:04 AM Opens the nominations for BOD membership	1 File(s)
SALAMA 25-11-2018 10:03 AM Invitation of General Assembly	1 File(s)
SALAMA 13-11-2018 08:43 AM Results of BOD meeting including financial statements for the 3rd QTR of 2018	2 File(s)

Showing Last 10 Issuer News - SALAMA View all

SALAMA 16-02-2016 08:51 AM Announces the appointment of Chief Operating Officer	1 File(s)
SALAMA 21-07-2013 09:30 AM Announces the termination of its General Manager and appointment of new one	1 File(s)

Showing Last 10 Financial Reports - SALAMA View all

SALAMA 30-09-2018 08:42 AM Financial statements for the 3rd QTR of 2018	1 File(s)
SALAMA 30-06-2018 09:21 AM Financial statements for the 2nd QTR of 2018	1 File(s)
SALAMA 16-05-2018 09:05 AM Financial statements for the 1st QTR of 2018	1 File(s)
SALAMA 31-12-2017 09:20 AM Financial statements for the year of 2017	1 File(s)
SALAMA 15-11-2017 08:05 AM Financial statements for the 3rd QTR of 2017	1 File(s)
SALAMA 30-06-2017 10:30 AM Financial statements for the 2nd QTR of 2017	1 File(s)
SALAMA 16-05-2017 07:30 AM Financial statements for the 1st QTR of 2017	1 File(s)
SALAMA 29-03-2017 01:17 AM Financial statements for the year of 2016	1 File(s)
SALAMA 30-09-2016 10:30 AM Financial statements for the 3rd QTR of 2016	1 File(s)
SALAMA 30-06-2016 01:49 AM Financial statements for the 2nd QTR of 2016	1 File(s)

Showing Last 10 General Meetings - SALAMA View all

Dec 23, 2018 10:30:00 AM - SALAMA - Resolutions of General Assembly

Meeting Date/Time	Dec 23, 2018 02:00:00 PM	Type of Meeting	General Assembly
Net Profit/Loss	0	Cash Dividend
Bonus Share
Announcements/Resolutions	Kindly note that the General Assembly of SALAMA held onSunday 23rd of December 2018 at 2pm in meeting room (Oud Metha 2) at MovenpickHotel in Oud Metha, Dubai. The following members have been elected by acclamation to beindependent members of the Board of Directors. 1) Mr. Fraih AlQubaisi 1) Mr. MustafaKheriba
Last Date For Dividend Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Movenpick Hotel, Oud Metha, Dubai

May 01, 2018 09:36:00 AM - SALAMA - Resolutions of General Assembly

Meeting Date/Time	Apr 30, 2018 06:00:00 PM	Type of Meeting	General Assembly
Net Profit/Loss	37,509,000	Cash Dividend
Bonus Share
Announcements/Resolutions	Approval of the report of the Board of Directors on the Company’s activities and itsfinancial position for the financial year ended on 31/12/2017. Approvalof the Auditors’ report for the financial year ended on 31/12/2017. Approvalof the report of the Company’s Shari’ah Supervisory Committee for the financialyear ended on 31/12/2017. Approvalof the Company’s balance sheet and its profit and loss statement for the yearended 31/12/2017. Approvalof the Company’s Corporate Governance report for the year ended 31/12/2017. Approvalof re-appointment of the members of Sharia Supervisory Committee, Dr. MohamadDaud Baker, Dr. Mohamad Amin Qattan, and Dr. Amin Al Fateh for a period of onemore year. Approvalof the Board of Directors’ proposal for not distributing dividends for the yearended 2017. Dischargethe Company’s board members of the liability for the financial year ended on 31/12/2017. Dischargethe External Auditors of the liability for the financial year ended on 31/12/2017. Re-appointthe External Auditors for the year 2018, and determine their fees.
Last Date For Dividend Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Movenpick Hotel- Oud Metha

Apr 30, 2017 10:30:00 AM - SALAMA - Resolutions of General Assembly

Meeting Date/Time	Apr 30, 2017 02:30:00 PM	Type of Meeting	General Assembly
Net Profit/Loss	-174,947,000	Cash Dividend
Bonus Share
Announcements/Resolutions	Approval of the report of the Board of Directors on the Company’sactivities and its financial position for the financial year ended on 31/12/2016. Approval of the Auditors’ report for the financial year ended on 31/12/2016. Approvalof the report of the Company’s Sharia Supervisory Committee for the financialyear ended on 31/12/2016. Approvalof the Company’s balance sheet and its profit and loss statement for the yearended 31/12/2016. Approvalof the Company’s Corporate Governance report for the year ended 31/12/2016. Approvalof re-appointment of the members of Sharia Supervisory Committee, Dr. MohamadDawod Baker, Dr. Mohamad Amin Qattan, and Dr. Amin Al Fateh for a period ofthree years in compliance with Takaful Regulation. Approvalof the Board of Directors’ proposal for not distributing dividends for the yearended 2016. Dischargethe Company’s board members of the liability for the financial year ended on 31/12/2016. Dischargethe External Auditors of the liability for the financial year ended on 31/12/2016. Re-appointthe External Auditors for another period and determine their fees. The belowmentioned members have been elected to the Company’s Board of Directors toserve the new term of three years that expires in the year 2019: Sheikh Khalid Bin Zayed Al Nehayan Dr. Saleh J. Malaikah Mr. Marwan Ahmad Al Ghurair Mr. Suhail Mubarak Al Dhaheri Eng. Hussein Hasan Biyari
Last Date For Dividend Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Raffels Hotel- Wafi City

Apr 26, 2016 11:06:00 AM - SALAMA - Resolutions of its General Assembly

Meeting Date/Time	Apr 25, 2016 04:00:00 PM	Type of Meeting	Annual General Meeting
Net Profit/Loss	-162840000	Cash Dividend
Bonus Share
Announcements/Resolutions	1. Approved the Board of Directors’ Report for the Company’s activity and its financial position for the financial year ended 31 December2015. 2. Approved the Auditors’ Report for the financial year ended 31 December 2015. 3. Approved the Shari’ah Supervisory Committee Report for the financial year ended 31 December 2015. 4. Approved the Balance Sheet and Profit and Loss Account of the Company for the financial year ended 31 December 2015. 5. Approved to appoint KPMG as External Auditors for the financial year 2016 and fixing their remuneration for AED 480,000. 6. Approved the nomination of following members for the Shari’ah Supervisory Committee for the next term of 3 years: · Dr. Mohammad Daud Bakar · Dr. Mohammad Amin Qattan · Dr. Amin Fateh 7. Approved not to distribute profits for the financial year ended 31 December 2015. 8. Approved to dischaarge the Board of Directors from bearing liability for the financial year ended 31 December 2015. 9. Approved to discharge the auditors from bearing liability for the financial year ended 31 December 2015. 10. Approved to amend the Memorandum and Articles of Association of the Company in accordance with the provisions of the Federal Law No. 2 of 2015 for commercial companies.
Last Date For Dividend Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Raffles Hotel, Wafi City

May 03, 2015 03:30:00 PM - SALAMA - Resolutions of its AGM

Meeting Date/Time	Apr 30, 2015 04:00:00 PM	Type of Meeting	Annual General Meeting
Net Profit/Loss	17933000	Cash Dividend
Bonus Share
Announcements/Resolutions	1-The Company’s Financials were reviewed by the Board of Directors and approved for the period of 31/12/2014. 2-The Auditing report for the period of 31/12/2014 was validated and approved. 3-The Consolidated financial statements of the company for the year end period of 31/12/2014 was discussed and approved. 4-The Company’s Corporate Governance Report for the period of 31/12/2014 was discussed and approved. 5-The Shari’ah Supervisory Board’s report and Fatwa for the period of 31/12/2014 was reviewed and approved. 6-The Proposal of not distributing Dividends for the year end period of 31/12/2014 was approved. 7-Discharge of the members of the respected Board of Directors and Auditors from bearing liabilities for the financial year end period of 31/12/2014 was approved. 8-Approval of appointing ‘’KPMG’’ – as External Auditors for the financial year end period of 31/12/2015 and set their fees of services in the amount of Dhs. 410,000/-.
Last Date For Dividend Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Raffles Hotel, Wafi City, Dubai

May 01, 2014 07:46:00 AM - SALAMA - Resolutions of its AGM held on 30/04/2014

Meeting Date/Time	Apr 30, 2014 04:30:00 PM	Type of Meeting	Annual General Meeting
Net Profit/Loss	-60245000	Cash Dividend	0
Bonus Share	0
Announcements/Resolutions	1. سماع تقرير مجلس الإدارة عن نشاط الشركة ومركزها المالي للسنة المالية المنتهية في 31/12/2013 والتصديق علية وتمت الموافقة على البند المذكور. 2. سماع تقرير مدققي حسابات الشركة عن السنة المالية المنتهية في 31/12/2013 وقد تمت الموافقة على البند المذكور. 3. مناقشة ميزانية الشركة وحساب الأرباح والخسائر عن السنة المالية المنتهية في 31/12/2013 والتصديق علية وقد تمت الموافقة على البند المذكور. 4. مناقشة تقرير الحوكمة للشركة عن العام المنتهي في 31/12/2013 وقد تمت الموافقة على البند المذكور. 5.الإطلاع على تقرير هيئة الفتوى والرقابة الشرعية واعتماده. وقد تمت الموافقة على البند المذكور. 6. إبراء ذمة أعضاء مجلس الإدارة ومدققي الحسابات من المسؤولية عن السنة المالية المنتهية في 31/12/2013 وقد تمت الموافقة على البند المذكور. 7. تمت الموافقة على تعيين السادة KPMG/ كمدققي حسابات للشركة عن السنة المالية المنتهية في 31/12/2013 وححدت أتعابهم بمبلغ 410000 درهم 8. اعادة تعيين لجنة الرقابة الشرعية المكونة من السادة العلماء الدكتور محمد داود بكار والدكتور محمد أمين قطان والدكتو أمين الفاتح لمدة ثلاث سنوات وفقا لنظام التأمين التكافلي، وقد تمت الموافقة على البند المذكور. 9. انتخاب أعضاء مجلس الإدارة السادة التالية أسمائهم: الشيخ خالد بن زايد بن صقر آل نهيان - عضو غير تنفيذي د. صالح جميل ملائكة - عضو تنفيذي السيد سهيل مبارك سرور الظاهري - عضو مستقل السيد مروان أحمد الغرير - عضو مستقل السبد حسين حسن بياري - عضو مستقل
Last Date For Dividend Entitlement	Wednesday, May 07, 2014	Ex-Dividend Date	Thursday, May 08, 2014
Register Closing (Settlement) Date	Sunday, May 11, 2014	Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Raffles Hotel Wafi City Dubai

May 01, 2013 02:30:00 PM - SALAMA - AGM resolutions 2013

Meeting Date/Time	Apr 30, 2013 04:30:00 PM	Type of Meeting	Annual General Meeting
Net Profit/Loss	(382,464,000.00)	Cash Dividend	0%
Bonus Share	0%
Announcements/Resolutions	The ratification of the report of the Governing Council on the activities of the company and its financial position for the financial year ended 31/12/2012 Adoption of the consolidated financial statements of the Company for the financial year ended 31/12/2012 The ratification of the company's auditors report for the same period The ratification of the Corporate Governance Report for the year ended 31/12/2012 The ratification of the report of the Fatwa and Sharia Supervisory and adoption The ratification of the Board of Directors proposal not to distribute dividends for the financial year ended 31/12/2012 Discharge of the members of the Board of Directors and auditors for the financial year ended 31/12/2012 Assigned to the company's auditors for the financial year 2013 and determine their fees
Last Date For Dividend Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Hall Algiza (1) - Raffles Hotel Dubai

May 01, 2013 07:52:00 AM - SALAMA - Resolutions of its AGM held on 30/04/2013

Meeting Date/Time	Apr 30, 2013 04:30:00 PM	Type of Meeting	Annual General Meeting
Net Profit/Loss	-382,464,000	Cash Dividend
Bonus Share
Announcements/Resolutions	View related documents
Last Date For Dividend Entitlement		Ex-Dividend Date
Register Closing (Settlement) Date		Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Raffles Hotel Gizza 1

May 06, 2012 11:15:00 AM - salama - Announces the resolutions of its Annual General Meeting held on 26/04/2012

Meeting Date/Time	Apr 26, 2012 04:30:00 PM	Type of Meeting	Annual General Meeting
Net Profit/Loss	60,039,000 AED	Cash Dividend	N/A
Bonus Share	N/A
Announcements/Resolutions	Hear the report of the Board of Directors for the company's activities and financial position for the financial year ended 31/12/2011 was approved on the item in question. Discussion of the consolidated financial statements of the Company for the financial year ended 31/12/2011 was approved on the item in question. Hear the report of the company's auditors for the financial year ended 31/12/2011 was approved on the item in question. Discuss the report of governance of the Company for the year ending 31/12/2011 and adoption has been approved for the item in question. The report of the Fatwa and Shari'a Supervisory Board has approved the item in question. Consider a proposal to the Board of Directors not to distribute dividends for the financial year ended 31/12/2011 was approved on the item in question. Discharge of the members of the Board of Directors and Auditors of the responsibility for the financial year ended 31/12/2011 was approved on the item in question. Was app
Last Date For Dividend Entitlement	N/A	Ex-Dividend Date	N/A
Register Closing (Settlement) Date	N/A	Trading Suspension Date	N/A
Trading Resuming Date	N/A	Dividends Payment Date
Payment Entity		Meeting Venue	Algiza Hall (1) - Raffles Hotel Dubai - Wafi City

Jul 13, 2011 12:25:00 PM - salama - Announces the resolutions of its Annual General Meeting held on 28/04/2011

Meeting Date/Time	Apr 28, 2011 04:00:00 PM	Type of Meeting	Annual General Meeting
Net Profit/Loss	55,312,000 AED	Cash Dividend
Bonus Share	10%
Announcements/Resolutions	- Approved BOD & auditors reports for the year ended 31/12/2010 - Approved the Fatwa and Sharia Supervisory - Approved distributing 10% bonus shares for the year ended 31/12/2010 - Approved the financial statements for the year ended 31/12/2010 - Discharged & released the BOD members from liabilities during the year ending 31/12/2010 - Approved to rename the Fatwa & Sharia Supervisory to Fatwa & Sharia Committee & re-structure its members for the upcoming 3 years - Approved to appoint KPMG as auditors for the year 2011 & determined their remuneration - Approved to have same BOD members until its upcoming AGM
Last Date For Dividend Entitlement	04/05/2011	Ex-Dividend Date	07/05/2011
Register Closing (Settlement) Date	08/05/2011	Trading Suspension Date
Trading Resuming Date		Dividends Payment Date
Payment Entity		Meeting Venue	Raffles Hotel, Wafi City, Dubai

Top ShareholdersLast Refreshed at: 21 March 2019

Individual Investors

Shareholders	Percentage
GOLDILOCKS INVESTMENT COMPANY LIMITED	13.29%
مصرف عجمان ش م ع	12.77%

1 EN

1

Article of Association - 0001

Foreign Investments View all

	National		GCC		Foreign
Country of Origin	Actual	Permitted	Actual	Permitted	Actual	Permitted	As of Date:
AE	78.91%	100%	%	%	21.09%	25%	21-03-2019

Showing Last 10 Corporate Governance Reports - SALAMA View all

EN
11-04-2018
SALAMA_CGR_2017
EN
31-12-2015
Corporate Governance Report - SALAMA 2015
EN
01-01-2011
Corporate Governance Report SALAMA 2011

Showing Corporate Actions - SALAMA View all

May 4, 2011 - Bonus Shares

Year	2011	Corporate Action Type	Bonus Shares
Last Date For Action Entitlement	5/4/2011	Ex-Dividend Date	5/7/2011
Register Closing (Settlement) Date	5/8/2011	Trading Suspension Date	Not Available
Trading Resuming Date	Not Available	Run (Effective) Date	5/8/2011
Corporate Action Details	Distributed 10% bonus shares as approved in its AGM on 28/04/2011

May 5, 2006 - Bonus shares

Year	2006	Corporate Action Type	Bonus shares
Last Date For Action Entitlement	5/5/2006	Ex-Dividend Date	5/6/2006
Register Closing (Settlement) Date	5/7/2006	Trading Suspension Date	Not Available
Trading Resuming Date	Not Available	Run (Effective) Date	5/7/2006
Corporate Action Details	Issue bonus shares in the ratio of 10% activated as agreed at the AGM

Disclaimer

Ownership percentage is subject to change based on several reasons including the following:
1. Trading activity.
2. Off-Market Transactions such as family and inheritance transfers.
3. Changes in the nationality status of investors.
4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
5. Capital increase by issuing new shares to a strategic investor.
6. Converting Bonds into shares.
7. Equity added to the equity of the associated group.
8. Direct Deals.

Percentages are updated daily after 4 pm

Disclaimer
The above published Ownership Percentages:

Are updated daily at the end of every trading day based on date of trade and not settlement date.
The ownership percentages are rounded off to 2 decimal places
Ownership percentages are subject to change due to the following:

1. Trading activities.

2. Off-Market Transactions such as family and inheritance transfers.

3. Changes in the nationality status of investors.

4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

5. Capital increases, by issuing new shares to Strategic investor

6. Converting bonds or Sukuk into shares.

7. Changes of associated group’s ownership.

8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

9. Failed trade settlement.

DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such. Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees, does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein.

DISCLAIMER

Dubai Financial Market herein after referred to as DFM attempts to ensure data and content on the Website is accurate, there is no charge for provision of data and DFM can only devote limited resources to the Website and any data. Content is only made available "AS IS" and on an "AS AVAILABLE" basis and may not always be accurate or up to date. Content may or may not have been prepared by DFM but is made available without responsibility on the part of DFM. DFM does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the Website or any of the content. No responsibility is accepted by or on behalf of DFM for any errors, omissions, or inaccurate content.

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Salama Immobilier	Senegal	81.50%
Egyptian Saudi Insurance Home Co.	Egypt	51.15 %
Best Re Holding Co.	Malaysia	100.00 %
SALAMA Cooperative Insurance Company	KSA	30.00 %
Islamic Insurance	Jordan	20.00 %
Generale d'Etudes et de Placement en Assurance R.	Tunisia	20.00 %

Islamic Arab Insurance Company

Trading Summary -

Trading Summary Chart -

Historical Data

Daily Summary -

Company Brief

Key Facts

Board Members

Top Management

Equity Profile

Subsidiaries

Contact Details

Individual Investors

Disclaimer

Percentages are updated daily after 4 pm

DisclaimerThe above published Ownership Percentages:

DISCLAIMER

DISCLAIMER

Disclaimer
The above published Ownership Percentages: