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Salama Cooperative Insurance Co.

Companies with accumulated losses reaching 50% or more of its capital'

8050
SALAMA
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 16.80
  • Open 17.18
  • High 17.30
  • Low 16.64
  • No. of Trades 274
  • Avg. Trade size* 458
  • Volume Traded 125,408
  • Value Traded (SAR) 2,121,763.84

Performance

SALAMA
-0.14 ( -0.83% )
Compare
Index Name Index Level 1D Return
Salama Cooperative Insurance Co. 17.18 -0.83%
Note: Prices are delayed minimum 5 minutes
  • *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

Trade Updates

Last Trade

Price
16.80
% Change
-0.83
Volume Traded
50

Best Bid

Price 16.70
Volume Traded 350

Best Offer

Price 16.80
Volume Traded 550

52 WEEK

High
47.55
2022/02/07
Low
12.38
2022/12/15
Change**
-64.26

PERFORMANCE

Start of Year
13
Year ago
47
3 Years ago
30.55

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  • Announcements & Corporate Actions
  • Financials
  • Shareholding
  • Peer Comparison
  • Company Profile

Announcements

  • Salama Cooperative Insurance Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting

    8050
    SALAMA -0.83 %
    1444/06/24     17/01/2023 09:10:28
  • Salama Cooperative Insurance Co. Announces the Final Approval of SAMA on a Product

    8050
    SALAMA -0.83 %
    1444/06/22     15/01/2023 15:33:03
  • Salama Cooperative Insurance Co. Announces the Results of the Extraordinary General Assembly Meeting, ( Second Meeting )

    8050
    SALAMA -0.83 %
    1444/05/24     18/12/2022 08:08:03
  • Salama Cooperative Insurance Co. Announces the start of electronic voting on the terms of the Extraordinary General Assembly meeting (Reminder announcement)

    8050
    SALAMA -0.83 %
    1444/05/18     12/12/2022 15:55:35
  • Salama Cooperative Insurance Company announces the latest developments regarding the recommendation of the Board of Directors to increase the company’s capital through a rights issue (receiving the approval of the Central Bank of Saudi Arabia)

    8050
    SALAMA -0.83 %
    1444/04/27     21/11/2022 09:53:37
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Corporate Actions

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CompanyProfilev2Financials

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Financials

  • Balance Sheet
  • Statement of Income
  • Cash Flow
  • XBRL
  • Detailed Reports and Statements
  • Annually
  • Quarterly
Balance Sheet 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Policyholders (Ph) Assets:
456,439
- - -
Investments and Cash at Banks
273,127
309,232
329,572
395,539
Receivables, Net
54,672
40,896
86,207
155,444
Other Assets
128,640
152,647
108,366
96,957
Total Ph Assets
456,439
502,775
524,145
647,940
Shareholders (Sh) Assets:
158,102
- - -
Investments and Cash at Banks SH
116,342
167,207
177,062
211,657
Other Assets SH
41,760
73,889
53,993
73,501
Total Sh Assets
158,102
241,096
231,055
285,158
Total Assets
614,541
743,871
755,200
933,098
Ph Liabilities :
486,541
- - -
Reinsurers Balances Payable
984
7,038
7,811
6,547
Technical Reserves
394,515
374,592
418,659
511,354
Other Liabilities
91,042
121,145
97,675
130,039
Total Ph Liabilities
486,541
502,775
524,145
647,940
Sh Liabilities and Equity:
128,000
- - -
Sh Liabilities
31,516
34,799
28,459
22,447
Sh Equity
96,484
206,297
202,596
262,711
Total Sh Liabilities and Equity
128,000
241,096
231,055
285,158
Total Liabilities
614,541
743,871
755,200
933,098
All Figures in Thousands Thousands Thousands Thousands
All Currency In SAR SAR SAR SAR
Last Update Date 2022-05-26 2021-04-15 2020-03-29 2019-04-10
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
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Shareholding Information

  • Board Of Directors
  • Foreign Ownership
  • Substantial Shareholders
Time Period
-
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Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
  • The listed company (Publisher) shall be responsible for the accuracy of the published information pertaining to the ownership of the Board of Directors, Chief Executive Officer or highest executive position, and the Chief Financial Officer. The listed company shall also be responsible for updating these information thereof. Therefore, the Saudi Stock Exchange (Tadawul) shall not be liable for the information contained therein, nor for any consequences that may result from the said information.
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Salama Cooperative Insurance Co.
Price 16.80
Market Cap (SAR MN) 168
P/E Ratio -1.3
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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

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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
  • Date Established

    2006/10/09

  • Financial Year End

    31/12

  • Listing Date

    2007/05/23

  • External Auditors

    [AlAzem & AlSudairy, ibrahim Ahmed Albassam & Co]

  • ISIN CODE

    SA000A0MLUE6

  • Number of Employees

    250

  • Chairman

    Mountasar Mohammed Foudah
    Independent

    Mountasar Mohammed Foudah
    • BD Session Start
      2022-09-11
      Designation
      Chairman
    • BD Session End
      2025-09-10
      Classification
      Independent
    • Qualification
      Bechelor Business Administration
  • Board of Directors

    Adnan Jameel Khoja Non - Executive

    Adnan Jameel Khoja
    • BD Session Start
      2022-09-11
      Designation
      Board of Directors
    • BD Session End
      2025-09-10
      Classification
      Non - Executive
    • Qualification
      Bachelor Political Science

    Abdullah Adel Sultan Independent

    Abdullah Adel Sultan
    • BD Session Start
      2022-09-11
      Designation
      Board of Directors
    • BD Session End
      2025-09-10
      Classification
      Independent
    • Qualification
      Bachelor of Insurance

    Bader Khalid Alanzi Executive

    Bader Khalid Alanzi
    • BD Session Start
      2022-09-11
      Designation
      Board of Directors
    • BD Session End
      2025-09-10
      Classification
      Executive
    • Qualification
      Master of Accounting
    Companies Membership
    • Memebrship Name
      Member of Najm Risk and Executive Committe
      Start Date
      2019-11-01
    • Memebrship Character
      Non Executive
      End Date
      -
    • Memebrship Name
      Vice Chairman of Najm Insurance Service company
      Start Date
      2019-09-01
    • Memebrship Character
      Non Executive
      End Date
      -

    Khaled Mohammed Salem Bajnaid Independent

    Khaled Mohammed Salem Bajnaid
    • BD Session Start
      2022-09-11
      Designation
      Board of Directors
    • BD Session End
      2025-09-10
      Classification
      Independent
    • Qualification
      Bachelor of Accounting

    Mohammed Taha Alsafi Independent

    Mohammed Taha Alsafi
    • BD Session Start
      2022-09-11
      Designation
      Board of Directors
    • BD Session End
      2025-09-10
      Classification
      Independent
    • Qualification
      Bachelor of Management Information Systems

    Wael Abdulrahman Albassam Independent

    Wael Abdulrahman Albassam
    • BD Session Start
      2022-09-11
      Designation
      Board of Directors
    • BD Session End
      2025-09-10
      Classification
      Independent
    • Qualification
      Master of Business Administration
    Companies Membership
    • Memebrship Name
      Saudi Paper Manufacturing Co
      Start Date
      2021-04-27
    • Memebrship Character
      Independent
      End Date
      2024-04-26
  • Senior Executives

    Bader Khalid Alanzi CEO

Bader Khalid Alanzi
  • BD Session Start
    2021-12-01
    Designation
    Senior Executives
  • BD Session End
    -
    Classification
    CEO
  • Qualification
    Master of Accounting
Companies Membership
  • Memebrship Name
    Member of Najm Risk and Executive Committe
    Start Date
    2019-11-01
  • Memebrship Character
    Non Executive
    End Date
    -
  • Memebrship Name
    Vice Chairman of Najm Insurance Service company
    Start Date
    2019-09-01
  • Memebrship Character
    Non Executive
    End Date
    -

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

Company Website:

http://www.salama.com.sa/.


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