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Salama Cooperative Insurance Co.
- Main Market
- Insurance
Stats Overview
-
Prev. Close 14.50
-
Open 14.48
-
High 14.56
-
Low 14.16
-
No. of Trades 1,074
-
Avg. Trade size* 406
-
Volume Traded 435,814
-
Value Traded (^) 6,238,613.24
Performance
- *Average Trade Size = Cumulative / # of Trades
- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
- Historical prices & volume traded data are adjusted to account for all corporate actions.
- MO: Market Order
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52 WEEK
PERFORMANCE
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Announcements
Corporate Actions
- Announcements & Corporate Actions
- Dividends
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- Peer Comparison
- Company Profile
Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|
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Financials
- FINANCIAL INFORMATION
- FINANCIAL STATEMENTS AND REPORTS
- Annually
- Quarterly
| Balance Sheet | 2024-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| Total Assets |
745,506
|
806,249
|
- | - |
| Total Liabilities |
491,180
|
600,436
|
- | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
254,326
|
205,813
|
- | - |
| Total Liabilities and Shareholders Equity |
745,506
|
806,249
|
- | - |
| Statement of Income | 2024-12-31 | 2023-12-31 | ||
| Total Revenue (Sales/Operating) |
678,479
|
788,970
|
- | - |
| Net Profit (Loss) before Zakat and Tax |
28,620
|
55,302
|
- | - |
| Zakat and Income Tax |
1,503
|
-4,000
|
- | - |
| Net Profit (Loss) after Zakat and Tax |
30,123
|
51,302
|
- | - |
| Total Comprehensive Income |
49,347
|
54,369
|
- | - |
| Profit (Loss) per Share |
1.23
|
3.25
|
- | - |
| Cash Flows | 2024-12-31 | 2023-12-31 | ||
| Net Cash From Operating Activities |
-155,575
|
53,763
|
- | - |
| Net Cash From Investing Activities |
-21,810
|
141,464
|
- | - |
| Net Cash From Financing Activities |
-4,897
|
85,093
|
- | - |
| Cash and Cash Equivalents, Beginning of the Period |
415,085
|
134,765
|
- | - |
| Cash and Cash Equivalents, End of the Period |
232,803
|
415,085
|
- | - |
| All Figures in | Thousands | Thousands | ||
| All Currency In | ^ | ^ | ||
| Last Update Date | 2025-03-11 | 2024-03-21 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
| Balance Sheet | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
|---|---|---|---|---|
| Total Assets |
811,811
|
689,557
|
749,224
|
668,253
|
| Total Liabilities |
579,463
|
462,263
|
533,360
|
564,286
|
| Total Shareholders Equity (After Deducting the Minority Equity) |
232,348
|
227,294
|
215,864
|
103,967
|
| Total Liabilities and Shareholders Equity |
811,811
|
689,557
|
749,224
|
668,253
|
| Statement of Income | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
| Total Revenue (Sales/Operating) |
177,581
|
176,843
|
188,485
|
268,094
|
| Net Profit (Loss) before Zakat and Tax |
6,888
|
12,430
|
11,051
|
13,670
|
| Zakat and Income Tax |
-1,000
|
-1,000
|
-1,000
|
-1,000
|
| Net Profit (Loss) after Zakat and Tax |
5,888
|
11,430
|
10,051
|
12,670
|
| Total Comprehensive Income |
5,888
|
11,430
|
10,051
|
12,670
|
| Profit (Loss) per Share |
0.29
|
0.57
|
0.5
|
1.27
|
| Cash Flows | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 |
| Net Cash From Operating Activities |
-121,829
|
-94,925
|
-46,273
|
8,260
|
| Net Cash From Investing Activities |
-39,889
|
-39,205
|
-36,454
|
193,965
|
| Net Cash From Financing Activities |
-4,470
|
-4,261
|
-4,016
|
-4,105
|
| Cash and Cash Equivalents, Beginning of the Period |
415,085
|
415,085
|
415,085
|
134,765
|
| Cash and Cash Equivalents, End of the Period |
248,897
|
276,694
|
328,342
|
332,885
|
| All Figures in | Thousands | Thousands | Thousands | Thousands |
| All Currency In | ^ | ^ | ^ | ^ |
| Last Update Date | 2024-11-11 | 2024-08-08 | 2024-05-20 | 2023-11-13 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Dividends
- Financials
- Shareholding
- Peer Comparison
- Company Profile
Company Profile
Company overview
The Company provides a comprehensive range of insurance services including but not limited to: Motor - Comprehensive and TPL, Medical, Property, Engineering, Liability and Marine.
Company History
Salama Cooperative Insurance Company (formerly Saudi IAIC Cooperative Insurance Co.) is a Saudi Joint Stock Company established by Royal Decree No. M/60 Issued on 18/09/1427H corresponding to 11/10/2006G. The history of the company in fact dates back to 1979 with the registration of Islamic Arab Insurance Company (Salama) in UAE, Salama Coorperative Insurance Co is one of the largest Takaful and Retakaful players in the MENA region and considered pioneer in Shariah Compliant Insurance. Salama Saudi is one of the first cooperative insurance companies licensed under the Cooperative Insurance Regulations. The Company is well-known for the quality of service and the security it provides to its valued customers.
Company Bylaws
Equity Profile
- Authorized Capital (^) 300,000,000
- Issued Shares 30,000,000
- Paid Capital (^) 300,000,000
- Par Value/Share 10
- Paid Up Value/Share 10
Last Update :2024-12-12
Investment limits
There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's by law and the issued instructions by the related regulators and supervisory authorities.
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Investor Relation Department
Company Address:
Salama Tower, Madinah Road, P.O. Box 4020, Jeddah, 21491
Contact Details:
Telephone:
0126845681
Fax
: 0126970470
Email
: Ir@Salama.com.sa
Company Website:
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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