companyprofile
Salama Cooperative Insurance Co.
Companies with accumulated losses reaching 50% or more of its capital'
- Main Market
- Insurance
Stats Overview
-
Prev. Close 22.30
-
Open 22.00
-
High 22.54
-
Low 21.96
-
No. of Trades 856
-
Avg. Trade size* 300
-
Volume Traded 256,992
-
Value Traded (SAR) 5,697,533.58
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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PERFORMANCE
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Financials
- Balance Sheet
- Statement of Income
- Cash Flow
- XBRL
- Detailed Reports and Statements
- Annually
- Quarterly
Balance Sheet | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|
Policyholders (Ph) Assets: | - |
456,439
|
- | - |
Investments and Cash at Banks |
388,858
|
273,127
|
309,232
|
329,572
|
Receivables, Net |
85,342
|
54,672
|
40,896
|
86,207
|
Other Assets |
180,873
|
128,640
|
152,647
|
108,366
|
Total Ph Assets |
655,073
|
456,439
|
502,775
|
524,145
|
Shareholders (Sh) Assets: | - |
158,102
|
- | - |
Investments and Cash at Banks SH |
67,661
|
116,342
|
167,207
|
177,062
|
Other Assets SH |
43,236
|
41,760
|
73,889
|
53,993
|
Total Sh Assets |
110,897
|
158,102
|
241,096
|
231,055
|
Total Assets |
765,970
|
614,541
|
743,871
|
755,200
|
Ph Liabilities : | - |
486,541
|
- | - |
Reinsurers Balances Payable |
13,214
|
984
|
7,038
|
7,811
|
Technical Reserves |
589,242
|
394,515
|
374,592
|
418,659
|
Other Liabilities |
90,063
|
91,042
|
121,145
|
97,675
|
Total Ph Liabilities |
692,519
|
486,541
|
502,775
|
524,145
|
Sh Liabilities and Equity: | - |
128,000
|
- | - |
Sh Liabilities |
35,542
|
31,516
|
34,799
|
28,459
|
Sh Equity |
37,909
|
96,484
|
206,297
|
202,596
|
Total Sh Liabilities and Equity |
73,451
|
128,000
|
241,096
|
231,055
|
Total Liabilities |
765,970
|
614,541
|
743,871
|
755,200
|
All Figures in | Thousands | Thousands | Thousands | Thousands |
All Currency In | SAR | SAR | SAR | SAR |
Last Update Date | 2023-03-21 | 2022-05-26 | 2021-04-15 | 2020-03-29 |
Balance Sheet | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 |
---|---|---|---|---|
Policyholders (Ph) Assets: | - | - | - | - |
Investments and Cash at Banks |
377,894
|
332,754
|
312,940
|
200,131
|
Receivables, Net |
79,009
|
78,216
|
68,544
|
78,203
|
Other Assets |
181,036
|
173,250
|
134,432
|
141,396
|
Total Ph Assets |
637,939
|
584,220
|
515,916
|
419,730
|
Shareholders (Sh) Assets: | - | - | - | - |
Investments and Cash at Banks SH |
75,913
|
77,120
|
77,194
|
218,481
|
Other Assets SH |
42,047
|
42,201
|
41,741
|
41,393
|
Total Sh Assets |
117,960
|
119,321
|
118,935
|
259,874
|
Total Assets |
755,899
|
703,541
|
634,851
|
679,604
|
Ph Liabilities : | - | - | - | - |
Reinsurers Balances Payable |
9,866
|
2,468
|
1,364
|
2,592
|
Technical Reserves |
570,896
|
538,369
|
415,325
|
380,509
|
Other Liabilities |
107,635
|
101,296
|
96,874
|
97,887
|
Total Ph Liabilities |
688,397
|
642,133
|
513,563
|
480,988
|
Sh Liabilities and Equity: | - | - | - | - |
Sh Liabilities |
35,100
|
34,821
|
33,129
|
30,660
|
Sh Equity |
32,402
|
26,587
|
88,159
|
167,956
|
Total Sh Liabilities and Equity |
67,502
|
61,408
|
121,288
|
198,616
|
Total Liabilities |
755,899
|
703,541
|
634,851
|
679,604
|
All Figures in | Thousands | Thousands | Thousands | Thousands |
All Currency In | SAR | SAR | SAR | SAR |
Last Update Date | 2022-11-08 | 2022-08-31 | 2022-05-29 | 2021-11-17 |
- Announcements & Corporate Actions
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- Financials
- Shareholding
- Peer Comparison
- Company Profile
- Announcements & Corporate Actions
- 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 (SAR) 100,000,000
- Issued Shares 10,000,000
- Paid Capital (SAR) 100,000,000
- Par Value/Share 10
- Paid Up Value/Share 10
Last Update :2022-08-21
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:
Abdulrahman Abdullah Alzahrani
Company Address:
Salama Tower, Madinah Road, P.O. Box 4020, Jeddah, 21491
Contact Details:
Telephone: 0126845653
Fax: 0126970470
Email: abdulrhman.alzahrani@salama.com.sa