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Salama Cooperative Insurance Co.

8050
SALAMA
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  • Main Market
  • Insurance

Stats Overview

  • Prev. Close 27.15
  • Open 27.30
  • High 27.30
  • Low 26.50
  • No. of Trades 448
  • Avg. Trade size* 220
  • Volume Traded 98,469
  • Value Traded (SAR) 2,642,709.00

Performance

SALAMA
-0.25 ( -0.92% )
Compare
Name Price Change %
Salama Cooperative Insurance Co. 27.30 -0.92%
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
26.90
% Change
-0.92
Volume Traded
250

Best Bid

Price 26.90
Volume 396

Best Offer

Price 26.95
Volume 2,615

52 WEEK

High
36.70
2024/05/07
Low
14.55
2023/08/22
Change**
72.77

PERFORMANCE

Start of Year
20.42
Year ago
15.57
3 Years ago
44.62

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Announcements

  • Salama Cooperative Insurance Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA

    8050
    SALAMA -0.92 %
    1445/11/29     06/06/2024 08:40:06
  • Salama Cooperative Insurance Co. Announces an update on Salama Cooperative Insurance Co. Announces the Board's Recommendation to Increase the Capital by Offering Right Issues

    8050
    SALAMA -0.92 %
    1445/11/26     03/06/2024 08:51:46
  • Salama Cooperative Insurance Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )

    8050
    SALAMA -0.92 %
    1445/11/15     23/05/2024 15:41:32
  • Salama Cooperative Insurance Co. Announces the Renewal of the Insurance Authority

    8050
    SALAMA -0.92 %
    1445/11/13     21/05/2024 08:02:05
  • Salama Cooperative Insurance Co. announces its Interim Financial Results for the period ending on 2024-03-31 ( Three Months )

    8050
    SALAMA -0.92 %
    1445/11/05     13/05/2024 08:01:38
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Corporate Actions

Upcoming Events

    Past Events

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      Dividends

      Announced Date Eligibility Date Distribution Date Distribution Way Dividend Amount

      CompanyProfilev2Financials

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      Financials

      • FINANCIAL INFORMATION
      • FINANCIAL STATEMENTS AND REPORTS
      • Annually
      • Quarterly
      Balance Sheet 2023-12-31
      Total Assets
      806,249
      - - -
      Total Liabilities
      600,436
      - - -
      Total Shareholders Equity (After Deducting the Minority Equity)
      205,813
      - - -
      Total Liabilities and Shareholders Equity
      806,249
      - - -
      Statement of Income 2023-12-31
      Total Revenue (Sales/Operating)
      788,970
      - - -
      Net Profit (Loss) before Zakat and Tax
      55,302
      - - -
      Zakat and Income Tax
      -4,000
      - - -
      Net Profit (Loss) after Zakat and Tax
      51,302
      - - -
      Total Comprehensive Income
      54,369
      - - -
      Profit (Loss) per Share
      3.25
      - - -
      Cash Flow 2023-12-31
      Net Cash From Operating Activities
      53,763
      - - -
      Net Cash From Investing Activities
      141,464
      - - -
      Net Cash From Financing Activities
      85,093
      - - -
      Cash and Cash Equivalents, Beginning of the Period
      134,765
      - - -
      Cash and Cash Equivalents, End of the Period
      415,085
      - - -
      All Figures in Thousands
      All Currency In SAR
      Last Update Date 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 2024-03-31 2023-09-30 2023-06-30 2023-03-31
      Total Assets
      749,224
      668,253
      602,210
      643,792
      Total Liabilities
      533,360
      564,286
      510,913
      570,147
      Total Shareholders Equity (After Deducting the Minority Equity)
      215,864
      103,967
      91,297
      73,645
      Total Liabilities and Shareholders Equity
      749,224
      668,253
      602,210
      643,792
      Statement of Income 2024-03-31 2023-09-30 2023-06-30 2023-03-31
      Total Revenue (Sales/Operating)
      188,485
      268,094
      153,641
      165,848
      Net Profit (Loss) before Zakat and Tax
      11,051
      13,670
      19,152
      13,148
      Zakat and Income Tax
      -1,000
      -1,000
      1,500
      500
      Net Profit (Loss) after Zakat and Tax
      10,051
      12,670
      17,652
      12,648
      Total Comprehensive Income
      10,051
      12,670
      17,652
      12,648
      Profit (Loss) per Share
      0.5
      1.27
      1.77
      1.26
      Cash Flow 2024-03-31 2023-09-30 2023-06-30 2023-03-31
      Net Cash From Operating Activities
      -46,273
      8,260
      -60,853
      -41,294
      Net Cash From Investing Activities
      -36,454
      193,965
      142,842
      30,321
      Net Cash From Financing Activities
      -4,016
      -4,105
      -3,945
      -3,596
      Cash and Cash Equivalents, Beginning of the Period
      415,085
      134,765
      134,765
      134,765
      Cash and Cash Equivalents, End of the Period
      328,342
      332,885
      212,809
      120,196
      All Figures in Thousands Thousands Thousands Thousands
      All Currency In SAR SAR SAR SAR
      Last Update Date 2024-05-20 2023-11-13 2023-11-01 2023-11-01

      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.

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      Shareholding Information

      • Board Of Directors
      • Foreign Ownership
      • Substantial Shareholders
      Time Period
      -
      Search
      Trading Date Shareholders Designation Shares Held Trading Day Shares Held Prev Trading Day Change
      2024-06-13 وائل عبدالرحمن حمد البسام Board of Directors 0.0115000% 0.0115000% 0
      • 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 26.90
      Market Cap (SAR MN) 543
      P/E Ratio 10.6
      Index Name Index Level 1D Return
      Salama Cooperative Insurance Co. %
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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

      Click here

      Equity Profile

      • Authorized Capital (SAR) 200,000,000
      • Issued Shares 20,000,000
      • Paid Capital (SAR) 200,000,000
      • Par Value/Share 10
      • Paid Up Value/Share 10

      Last Update :2023-11-06

      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

        [Price Waterhouse Cooper, PKF AlBassam & Partners]

      • 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 Deputy Chairman - Non Executive

        Adnan Jameel Khoja
        • BD Session Start
          2022-09-11
          Designation
          Board of Directors
        • BD Session End
          2025-09-10
          Classification
          Deputy Chairman - 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
          Board Member of Manafith
          Start Date
          2019-11-01
        • 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
          Board Member of Manafith
          Start Date
          2019-11-01
        • Memebrship Character
          Non Executive
          End Date
          -

        Ali Jafar Altahfh CFO

      Ali Jafar Altahfh
      • BD Session Start
        2023-08-01
        Designation
        Senior Executives
      • BD Session End
        -
        Classification
        CFO
      • Qualification
        Master of Finance

      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:

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


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      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.