Islamic Arab Insurance Company
SALAMA
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Associated Groups
Group Name |
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GCC |
Foreign |
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Country of Origin |
Market |
Symbol |
ISIN |
Sector |
DFM |
SALAMA |
AEI000301012 |
Insurance |
Established |
Auditor |
Fiscal Year End |
Registrar |
Apr 29, 1979 |
Deloitte |
December |
Islamic Arab Insurance Company |
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.
Equity Profile
Date of Listing |
Sep 16, 2005 |
Authorized Capital |
1,210,000,000.00 UAE Dirham |
Issues Shares |
1,210,000,000 |
Per Value Share |
1.00 UAE Dirham |
Documents
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. Fahim Alshehhi
Managing Director
Mr.Mustafa Ghazi Kheriba
Subsidiaries
TARIIC Holding Co | Kingdom of Bahrain | 99.40 % |
Misr Emirates Takaful Life Insurance CO. | Egypt | 85 % |
Salama Assurances Senegal | Senegal | 68.87 % |
Salama Assurances Algerie | Alegria | 96.98 % |
Salama Immobilier | Senegal | 84.25% |
Egyptian Saudi Insurance Home Co. | Egypt | 51.15 % |
Islamic Insurance | Jordan | 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/
Disclaimer
- Ownership percentage is subject to change based on several reasons including the following:
- Trading activity.
- Off-Market Transactions such as family and inheritance transfers.
- Changes in the nationality status of investors.
- Securities deposits and withdrawals to and from DFM for Dual listed companies.
- Capital increase by issuing new shares to a strategic investor.
- Converting Bonds into shares.
- Equity added to the equity of the associated group.
- 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.
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GCC: |
Investors who hold a GCC nationality, excluding investors from the “Country of Origin” of the symbol.
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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
- 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:
- Trading activities.
- Off-Market Transactions such as family and inheritance transfers.
- Changes in the nationality status of investors.
- Securities deposits and withdrawals to and from DFM for Dual listed companies.
- Capital increases, by issuing new shares to Strategic investor
- Converting bonds or Sukuk into shares.
- Changes of associated group’s ownership.
- Direct Deals.(The ownership percentage is changed immediately after the execution of the deal).
- 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
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