Salama Cooperative Insurance Company

8050

SA000A0MLUE6

Property & Casualty Insurance

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:04 2024-07-11 am EDT			5-day change	1st Jan Change
28.4 ^SAR	-0.87%		+0.71%	+46.39%

Jun. 06	Salama Cooperative Insurance Files Application for Proposed SAR100 Million Rights Issue	MT
Jun. 03	Salama Cooperative Insurance Wins Regulatory Nod for Capital Increase	MT

Salama Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2024

May 19, 2024

Salama Cooperative Insurance Company reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net income was SAR 10.05 million compared to SAR 12.65 million a year ago. Basic earnings per share from continuing operations was SAR 0.5.

Latest news about Salama Cooperative Insurance Company

Salama Cooperative Insurance Files Application for Proposed SAR100 Million Rights Issue	Jun. 06	MT
Salama Cooperative Insurance Wins Regulatory Nod for Capital Increase	Jun. 03	MT
Tadawul All Share Index Closes Little Changed Amid Rising Geopolitical Tension	May. 21	MT
Salama Cooperative Insurance Renews Qualification By One Year	May. 21	MT
Salama Cooperative Insurance Co. Announces the Renewal of the Insurance Authority	May. 21	CI
Salama Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 19	CI
Salama Cooperative Insurance's Q1 Profit, Insurance Revenue Fall	May. 13	MT
Salama Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 25	CI
Salama Cooperative Insurance Taps Alawwal Capital as Financial Adviser for Rights Issue	Mar. 21	MT
Salama Cooperative Insurance Swings to Profit in FY23; Insurance Revenue Rises	Mar. 17	MT
Salama Cooperative Insurance Company Announces to Appointment of Chairman and Member of the Audit Committee	Nov. 20	CI
Salama Cooperative Insurance Company Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Salama Cooperative Insurance Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-15	CI
Salama Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2023	23-07-08	CI
Salama Cooperative Insurance Company announced a financing transaction	23-05-20	CI
Salama Cooperative Insurance Company Auditor Raises 'Going Concern' Doubt	23-03-20	CI
Salama Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-20	CI
Salama Cooperative Insurance Company Reports Earnings Results for the Third Quarter Ended September 30, 2022	22-11-08	CI
Salama Cooperative Insurance Company, Announces the Appointment of the Board Chairman, the Vice Chairman, and the Board Committees	22-10-25	CI
Salama Cooperative Insurance Company Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-30	CI
Salama Cooperative Insurance Company Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-28	CI
Salama Cooperative Insurance Company Reports Earnings Results for the Full Year Ended December 31, 2021	22-04-03	CI
Salama Cooperative Insurance Company Auditor Raises 'Going Concern' Doubt	22-04-02	CI
Salama Cooperative Insurance Company Announces Renewal of the Saudi Central Bank of Its License to Practice Insurance Activity	21-12-22	CI
Salama Cooperative Insurance Co. Announces Resignation of Omar Nasser as a Board Member	21-11-27	CI

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Company Profile

Salama Cooperative Insurance Co SJSC, formerly Saudi IAIC Cooperative Insurance Company (Salama), is a Saudi Arabia-based joint stock company engaged in the provision of cooperative insurance solutions in compliance with Islamic Sharia (Takaful) principles. The Company is organized into three business segments: The Medical segment provides compensation to holders for expenses incurred in treatment of a disease, illness or injury; the Motor segment provides coverage against losses and liability related to motor vehicles, and the Others segment includes property, marine, engineering, accident and liability and miscellaneous categories. Salama serves both individual and institutional customers through six direct Takaful companies in the United Arab Emirates, Saudi Arabia, Egypt, Senegal, Algeria and Jordan, in addition to Re-Takaful Company located in Tunis.

Sector

Property & Casualty Insurance

Calendar

2024-08-28 - Q2 2024 Earnings Release (Projected)

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Income Statement Evolution

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Sector Insurance - Automobile

	1st Jan change	Capi.
SALAMA COOPERATIVE INSURANCE COMPANY	+46.39%	151M
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