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Islamic Arab Insurance Company

SALAMA
0.859
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-0.116%
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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

ESTABLISHED

Apr 29, 1979

AUDITOR

Deloitte

FISCAL YEAR END

December

REGISTRAR

Islamic Arab Insurance Company

Board Members

CHAIRMAN

Mr. Jassim Alseddiqi

Vice Chairman

Mr. Saeed Mubarak Al-Hajeri

MEMBERS

Mr. Mohamed Hussain AlKhoori
Mr. Fraih Saeed  AlQubaisi
Mr.Mustafa Ghazi Kheriba
Mr. AhmadMohammad Al Sadah
Mr. Saeed bin Mohammed Al Qassimi               
        

Top Management

Chief Executive Officer

Mr. Parvaiz Siddiq


 Managing Director
Mr.Mustafa Ghazi Kheriba

Equity Profile

DATE OF LISTING:

Sep 17, 2005

SECTOR:

Insurance

AUTHORIZED CAPITAL:

1,210,000,000.00 UAE Dirham

ISSUED SHARES:
1,210,000,000

PER VALUE SHARE:

1.00 UAE Dirham

Subsidiaries

TARIIC Holding Co Kingdom of Bahrain 99.40 %
Salama Assurances Senegal Senegal 57.41 %
Salama Assurances Algerie Alegria 96.98 %
Salama ImmobilierSenegal81.50%
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 %

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 15-09-2020 08:59 AM

Invitation of General Assembly

1 File(s)
SALAMA 03-09-2020 09:40 AM

Notification from the company

1 File(s)
SALAMA 03-09-2020 08:50 AM

Resolutions of General Assembly

1 File(s)
SALAMA 02-09-2020 05:12 PM

Results of BOD meeting

1 File(s)
SALAMA 02-09-2020 03:32 PM

Resolutions of General Assembly

1 File(s)
SALAMA 01-09-2020 08:57 AM

Notification from the company

1 File(s)
SALAMA 31-08-2020 08:55 AM

Notification from the company

1 File(s)
SALAMA 31-08-2020 08:54 AM

Nominees for Board of Directors membership

2 File(s)
SALAMA 27-08-2020 05:29 PM

BOD meeting

1 File(s)
SALAMA 18-08-2020 08:41 AM

Press release

1 File(s)
Showing Last 10 Issuer News - SALAMA View all
Showing Last 10 Financial Reports - SALAMA View all
SALAMA 11-08-2020 09:13 AM

Financial statements for the 2nd QTR of 2020

1 File(s)
SALAMA 27-05-2020 08:41 AM

Financial statements for the 1st QTR of 2020

1 File(s)
SALAMA 26-03-2020 08:13 AM

Financial statements for the year of 2019

1 File(s)
SALAMA 11-02-2020 09:07 AM

Preliminary financial results for the year of 2019

1 File(s)
SALAMA 11-11-2019 09:48 AM

Financial statements for the 3rd QTR of 2019

1 File(s)
SALAMA 30-06-2019 09:42 AM

Financial statements for the 2nd QTR of 2019

1 File(s)
SALAMA 31-03-2019 10:18 AM

Financial statements for the 1st QTR of 2019

1 File(s)
SALAMA 31-12-2018 10:53 AM

Financial statements for the year of 2018

1 File(s)
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)
Showing Last 10 General Meetings - SALAMA View all
Meeting Date/TimeSep 02, 2020 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss47047000Cash Dividend
Bonus Share
Announcements/ResolutionsDecisions andResolutions of the General Assembly meeting

1.            Approvethe appointment of Mr. Saeed Mubarak Al Hajeri as member of the Company’s Boardof Directors which has taken place on 16th June 2019

2.            Dischargethe members of the Board of Directors from the responsibly for the period from1st January 2020 to the date of the General Assembly.

3.            Electedthe following names of the Board members for the period 2020-2022:

a- Mr.Fraih Saeed Al Qubaisi                            

b- Mr.Saeed Mubarak Al Hajeri                      

c- Mr.Mustafa Ghazi Kheriba                          

d- Mr.Mohamed Husain Alkhoori                  

e- Saeedbin Mohammed Al Qassimi              

f- Mr.Jassim Mohammed Alseddiqi             

g- Mr. AhmadMohammad Al Sadah        

Special Decisions andResolutions of the General Assembly meeting

1- Approved amending Paragraph (a) of Article(19) of the Company’s Articles of Association so that the company is managed bya Board of Directors composed by seven (7) members elected by the GeneralAssembly through secret ballot instead of five (5) members

2- Approved amending the Company’s Articlesof Association to be in line with SCA Chairman decision no. 3 of 2020concerning approval of joint stock companies’ governance guide, and Board ofDirectors’ Decision No. (15) of 2019 on the instructions concerning the rulesof ownership ratios in the capital of insurance companies.

3- Approve amendingArticle (58) of the Company’s Articles of association by adding the possibilityto distribute the dividends to the shareholders half-yearly by virtue of aGeneral Assembly meeting resolution.

    

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting Venue(Oud Metha 2) Hall, Movenpick Hotel, Oud Metha
1 File(s)
Meeting Date/TimeMay 03, 2020 02:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss55038000Cash Dividend3
Bonus Share
Announcements/Resolutions

03/05/2020

Date

Islamic Arab Insurance Company – SALAMA

Name of the Listed Company

Sunday 03/05/2020

Date and day of the meeting

02:00 PM

The starting time of the meeting

02:37 PM

The ending time of the meeting

Remotely, electronically, via the Zoom app

Venue of the meeting

Mr. Jassim Alseddiqi

Chair of the General Assembly Meeting

35.3600

Quorum of the total attendance (percentage of capital)

Distributed as follows:

-

1-           Personal attendance rate (%)

1.2932

  Authenticity (%)

33.8682

  Proxy (%)

35.3600

2-           Attendance through electronic voting (%)

Decisions and Resolutions of the General Assembly meeting

1.             Approve the Board of Director’s Report concerning the Company’s activities and Financial situation for the Year ended on 31 December 2019.

2.             Approve the Auditor’s Report for the Year ended on 31 December 2019

3.             Approve the Sharia Supervisory Committee Report for the Year ended on 31 December 2019

4.             Approve the consolidated Financial Statements of the Company for the year ended on 31 December 2019.

5.             Approve the Corporate Governance Report of the Company for the year ended on 31 December 2019

6.             Reappoint Sharia Supervisory Committee of comprised of the following members:

•                      Dr. Mohammed Daud Bakr.

•                      Dr. Mohammed Amin Qatan.

•                      Dr. Amin Fateh.

7.             Approval of the Board of Directors recommendation in relation to cash dividends of 3 fils per share amounting to AED 35,649,978.69 (Thirty-five million six hundred forty nine thousand nine hundred seventy eight and sixty-nine fils).

8.             Approval of the proposed remuneration for the members of Board of Directors in respect of the financial year 2019 for current board members.

9.             Approve to discharge the Board of Directors from responsibility for the year ended 31 December 2019 except Dr. Saleh Malaika and Sheikh Khaled Zayed Saquer Zayed Al Nahyan

10.        Approve to discharge the Auditors from responsibility for the year ended 31 December 2019, or their termination and filling a liability claim against them, as the case may be.

11.        Appoint Deloitte & Touche as Auditors of the company for the year 2020 and determined their remuneration at AED 685,000 (Six Hundred and Eighty Five).

Special Decisions and Resolutions of the General Assembly meeting

Consider passing a special resolution:

A- To approve the Board of Directors proposal to amend the article 7 from of the articles of association of the Islamic Arab Insurance Company – SALAMA, to increase the foreign ownership Limit in the Company’s share capital subject to obtaining the approval of the official authorities

Article (7) Ratio of Ownership: (the text before the amendment):

"All shares of the company are nominal, and the participation rate of citizens of the United Arab Emirates at any time should not be less than (75%) seventy-five percent of the capital."

The text becomes as follows: Article (7) Ownership ratio (text after amendment):

All shares of the company are nominal, and the share of citizens of the United Arab Emirates and citizens of the Gulf Cooperation Council countries who are natural or legal persons wholly owned by citizens of the Cooperation Council must not be less than at any time during the life of the company at (51%) of the capital, and it is not permissible That the percentage of the contribution of non-citizens of the country exceed (49%).

B- Subject to approving item (A) above and obtaining approvals from the relevant regulatory authorities, to authorize the Board of Directors of the Company or any person so authorized by the Board, to take all other necessary measures to increase the limit of foreign ownership in the Company’s share capital from 25% to 49% and to amend article 7 of the company’s Articles of Association accordingly.

Cash Dividends

Percentage

Amount

3%

35,649,978.69

Payment Date

Registry Closing Date

Ex-Dividend Date

Last Entitlement date

As agreed later with DFM

13/05/2020

12/05/2020

11/05/2020


Last Date For Dividend EntitlementMonday, May 11, 2020Ex-Dividend DateTuesday, May 12, 2020
Register Closing (Settlement) DateWednesday, May 13, 2020Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting Venueelectronically
1 File(s)
Meeting Date/TimeJun 10, 2019 02:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss18074000Cash Dividend
Bonus Share
Announcements/Resolutions

The General Assembly of the shareholders of the Company held its meeting at 2:00 pm on Monday 10/6/2019 at its headquarter located in Fourth Floor, Spectrum Building, Sheikh Rashid Street, Oud Metha, PO Box. 10214, the Emirate of Dubai, for the election of a member of the Board of Directors of the vacant seat in the Board pursuant to the resolution of the General Assembly meeting held on 25/04/2019 where the meeting was chaired by the Chairman of the Board Sheikh Khalid Bin Zayed Bin Saqr Al Nahyan.

 

In addition to the shareholders the following attended the meeting:

Mr. Ahmed Al Naqbi Represented by the Securities and Commodities Authority

Ms. Haifa Al-Qadi represented by the Insurance Authority

 

The quorum of the meeting was 30.17%, representing 0.09% by proxy and 30.16% by proxy

 

Mr. Ali Hussain Ismail was appointed as the meeting's moderator and Ms. Sanaa Abdulla was appointed as a vote collector

 

Where the quorum was not completed at the previous General Assembly meeting on Thursday, 30/5/2019, the meeting today is legal regardless of the number of those present in accordance with Article 183 of the Companies Law.

 

The voting cards containing the names of the candidates for the election of a member of the Board of Directors as an independent member were distributed to the shareholders.

 

The Chairman of the meeting pointed out that the agenda of the General Assembly for this day is the election of a non-executive member of the Board of Directors. The nomination was opened for the period from Thursday 16/05/2019 to Saturday, 25/05/2019. Mr. Jassim Alseddiqi and Mr. AbdulQader Thomas have been nominated themselves for the membership of the Board. Since the required number is to elect one member, the shareholders were requested to nominate one of these candidates as Board member.

 

The shareholders unanimously approved Mr. Jassim Alseddiqi as a member of the Board of Directors as an independent non-executive member.

 

It was announced that the member who won by acclamation is an independent non-executive member, which is in line with the decision of the SCA decision No. (7 / R) of 2016 on the standards of institutional discipline and the governance of public shareholding companies. The meeting ended at 2:30 pm.


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueSALAMA Head Office
1 File(s)
Meeting Date/TimeApr 25, 2019 03:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss477000Cash Dividend
Bonus Share
Announcements/Resolutions

1.      Approval ofthe report of the Board of Directors on the Company’s activities and itsfinancial position for the financial year ended on 31/12/2018.

2.      Approval ofthe Auditors’ report for the financial year ended on 31/12/2018.

3.      Approval ofthe report of the Company’s Sharia Supervisory Committee for the financial yearended on 31/12/2018.

4.      Approval ofthe Company’s balance sheet and its profit and loss statement for the yearended 31/12/2018.

5.      Approval ofthe Company’s Corporate Governance report for the year ended 31/12/2018.

6.      Approval ofre-appointment of the members of Sharia Supervisory Committee:

-          Dr. Mohamad Dawod Baker

-         Dr. MohamadAmin Qattan

-         Dr. Amin AlFateh

For one year in accordance with the provisions of Article 177 ofthe Commercial Companies Law No. 2 of 2015, and the re-appointment was approvedas proposed.

7.      Approval ofthe Board of Directors’ proposal for not distributing dividends for the yearended 2018.

8.      Discharge theCompany’s board members of the liability for the financial year ended on31/12/2018, except for the Vice Chairman of the Board Dr. Saleh Jameel Malaikah

9.      Discharge theExternal Auditors of the liability for the financial year ended on 31/12/2018.

10.  Appoint theExternal Auditors for another period and determine their fees.

11.  Acceptance ofthe resignation of Mr. Marwan Ahmed Al-Ghurair (Board Member) and Appointmentof Mr. Mohamed Husain Al-Khoori (Board Member)

12. Two shareholders requested to add an item to theAGM agenda, in accordance with the SCA law. Approval to depose the ViceChairman, Dr. Saleh Jameel Malaikah, from his position and to arrange to electa replacement within 30 days. Approval was granted on this item
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAl Nakheel meeting room in Movenpick Hotel, Oud Metha, Dubai
1 File(s)
Meeting Date/TimeDec 23, 2018 02:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss0Cash 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 EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueMovenpick Hotel, Oud Metha, Dubai
1 File(s)
Meeting Date/TimeApr 30, 2018 06:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss37,509,000Cash Dividend
Bonus Share
Announcements/Resolutions
  1. 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.
  2. Approvalof the Auditors’ report for the financial year ended on 31/12/2017.
  3. Approvalof the report of the Company’s Shari’ah Supervisory Committee for the financialyear ended on 31/12/2017.
  4. Approvalof the Company’s balance sheet and its profit and loss statement for the yearended 31/12/2017.
  5. Approvalof the Company’s Corporate Governance report for the year ended 31/12/2017.
  6. 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.
  7. Approvalof the Board of Directors’ proposal for not distributing dividends for the yearended 2017.
  8. Dischargethe Company’s board members of the liability for the financial year ended on 31/12/2017.
  9. Dischargethe External Auditors of the liability for the financial year ended on 31/12/2017.
  10. Re-appointthe External Auditors for the year 2018, and determine their fees.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueMovenpick Hotel- Oud Metha
1 File(s)
Meeting Date/TimeApr 30, 2017 02:30:00 PMType of MeetingGeneral Assembly
Net Profit/Loss-174,947,000Cash Dividend
Bonus Share
Announcements/Resolutions
  1. 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.

  2. Approval of the Auditors’ report for the financial year ended on 31/12/2016.
  3. Approvalof the report of the Company’s Sharia Supervisory Committee for the financialyear ended on 31/12/2016.
  4. Approvalof the Company’s balance sheet and its profit and loss statement for the yearended 31/12/2016.
  5. Approvalof the Company’s Corporate Governance report for the year ended 31/12/2016.
  6. 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.
  7. Approvalof the Board of Directors’ proposal for not distributing dividends for the yearended 2016.
  8. Dischargethe Company’s board members of the liability for the financial year ended on 31/12/2016.
  9. Dischargethe External Auditors of the liability for the financial year ended on 31/12/2016.
  10. Re-appointthe External Auditors for another period and determine their fees.
  11. 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:

  1. Sheikh Khalid Bin Zayed Al Nehayan

  2. Dr. Saleh J. Malaikah

  3. Mr. Marwan Ahmad Al Ghurair

  4. Mr. Suhail Mubarak Al Dhaheri

  5. Eng. Hussein Hasan Biyari








      Last Date For Dividend EntitlementEx-Dividend Date
      Register Closing (Settlement) DateTrading Suspension Date
      Trading Resuming DateDividends Payment Date
      Payment EntityMeeting VenueRaffels Hotel- Wafi City
      1 File(s)
      Meeting Date/TimeApr 25, 2016 04:00:00 PMType of MeetingAnnual General Meeting
      Net Profit/Loss-162840000Cash 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 EntitlementEx-Dividend Date
      Register Closing (Settlement) DateTrading Suspension Date
      Trading Resuming DateDividends Payment Date
      Payment EntityMeeting VenueRaffles Hotel, Wafi City
      1 File(s)
      Meeting Date/TimeApr 30, 2015 04:00:00 PMType of MeetingAnnual General Meeting
      Net Profit/Loss17933000Cash 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 EntitlementEx-Dividend Date
      Register Closing (Settlement) DateTrading Suspension Date
      Trading Resuming DateDividends Payment Date
      Payment EntityMeeting VenueRaffles Hotel, Wafi City, Dubai
      1 File(s)
      Meeting Date/TimeApr 30, 2014 04:30:00 PMType of MeetingAnnual General Meeting
      Net Profit/Loss-60245000Cash Dividend0
      Bonus Share0
      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 EntitlementWednesday, May 07, 2014Ex-Dividend DateThursday, May 08, 2014
      Register Closing (Settlement) DateSunday, May 11, 2014Trading Suspension Date
      Trading Resuming DateDividends Payment Date
      Payment EntityMeeting VenueRaffles Hotel Wafi City Dubai
      1 File(s)
      Top ShareholdersLast Refreshed at: 29 September 2020

      Individual Investors

      ShareholdersPercentage
      GOLDILOCKS INVESTMENT COMPANY LIMITED 13.29%
      مصرف عجمان ش م ع 12.76%
      MOHAMMAD BINAHMAD BINSAEED ALQASSIMI 11.58%

      • 1 EN
        1

        Article of Association - 0001

      Foreign Investments View all
      As of Date:
      30-09-2020
      National GCC Foreign
      Country of Origin Permitted Actual Available Permitted Actual Available Permitted Actual Available Allowed Foreigners?
      AE 100% 90.07% 9.93% 0% % % 25% 9.93% 15.07% Yes
      Showing Last 10 Corporate Governance Reports - SALAMA View all
      • 15-04-2019

        SALAMA - CGR 2018

      • 11-04-2018

        SALAMA_CGR_2017

      • 31-12-2015

        Corporate Governance Report - SALAMA 2015

      • 01-01-2011

        Corporate Governance Report SALAMA 2011

      Showing Corporate Actions - SALAMA View all
      Year2020Corporate Action Typecash dividends
      Last Date For Action Entitlement11/05/2020Ex-Dividend Date12/05/2020
      Register Closing (Settlement) Date13/05/2020Trading Suspension DateNot Available
      Trading Resuming DateNot AvailableRun (Effective) DateNot Available
      Corporate Action DetailsDistribute 3% cash dividends as agreed at the GA held on 03/05/2020
      Year2011Corporate Action TypeBonus Shares
      Last Date For Action Entitlement04/05/2011Ex-Dividend Date07/05/2011
      Register Closing (Settlement) Date08/05/2011Trading Suspension DateNot Available
      Trading Resuming DateNot AvailableRun (Effective) Date08/05/2011
      Corporate Action DetailsDistributed 10% bonus shares as approved in its AGM on 28/04/2011
      Year2006Corporate Action TypeBonus shares
      Last Date For Action Entitlement05/05/2006Ex-Dividend Date06/05/2006
      Register Closing (Settlement) Date07/05/2006Trading Suspension DateNot Available
      Trading Resuming DateNot AvailableRun (Effective) Date07/05/2006
      Corporate Action DetailsIssue 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 for the columns of Actual and Available are updated every two minutes during trading hours and every one hour after trading hours to reflect changes not associated with trading (if any).

      Definitions:
       Nationals:

      Investors who hold the same nationality as the “Country of Origin” of the symbol.

       GCC:

      Investors who hold a GCC nationality, excluding investors from the “Country of Origin” of the symbol.

       Foreigners: All other nationalities.
      Note: For companies where GCC Permitted ownership limit is Not Applicable (NA), the ownership of GCC citizens will show in the ownership columns of Foreigners.
       Permitted: The maximum percentage of ownership allowed by the Company for the investors group.
       Actual: The owned quantity, unsettled trades. It also includes open buy orders between 8:00 AM and 3:00 PM.
       Available: Percentage available to own or allowed to trade (Permitted – Actual).

      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. 


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