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XSAU
8050
Market cap87mUSD
Nov 12, Last price  
11.00SAR
Name

Salama Cooperative Insurance Company SJSC

Chart & performance

D1W1MN
XSAU:8050 chart
P/E
—
P/S
0.64
EPS
—
Div yield, %
—
Shrs. gr., 5y
14.47%
Rev. gr., 5y
5.03%
Revenues
516m
-14.73%
10,442,000-19,154,00018,634,000138,256,000135,992,000197,933,000185,374,000270,130,000352,905,000447,445,000695,915,000751,113,000525,486,000403,889,000426,518,000567,633,000750,143,000605,378,000516,186,000
Net income
-92m
L
-13,367,000-38,430,00011,757,0002,523,0003,014,000-12,957,000-42,145,0001,829,0002,058,00033,327,00072,418,00011,782,000-60,115,0006,924,000-112,410,000-38,868,00051,302,00030,123,000-91,564,000
CFO
-2m
L-98.95%
3,985,000-13,470,0002,626,000-32,742,00010,606,000-27,619,0009,404,00036,925,00024,850,000156,704,000122,429,000-31,958,000-79,643,000-29,160,000-94,346,00069,463,00053,763,000-155,575,000-1,627,000

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Profile

Salama Cooperative Insurance Company, founded in 1979 and headquartered in Jeddah, Kingdom of Saudi Arabia, delivers a diverse array of insurance products and services across multiple nations, including the United Arab Emirates, Saudi Arabia, Algeria, Malaysia, Bahrain, Senegal, and Egypt. Formerly known as Saudi IAIC Cooperative Insurance Company until its rebranding in 2012, the firm structures its operations across Medical, Motor, and Other segments. Its motor insurance policies encompass protection against accidents, fire, towing costs, malicious damage, theft, estimation services, and associated medical expenditures. For healthcare needs, Salama offers medical insurance plans covering general care, medications, chronic conditions, vaccinations, maternity and neonatal services, physiotherapy, ophthalmology, dental treatments, oncology, and CCHI compliance. Additionally, the company provides travel insurance, safeguarding policyholders against personal accidents, overseas medical emergencies, repatriation of mortal remains, lost baggage, passport or cash loss, personal liability, and accidental death. Medical professionals can also secure malpractice insurance, featuring specialized and adaptable coverage options for various medical facilities. Furthermore, Salama extends a comprehensive suite of general insurance solutions, including engineering, liability, marine, property, and general accident policies.

Key people

Bader Khalid Al Anzi
Chief Executive Officer, Director · since 2021
Adnan Jameel Khoja
Non-Executive Vice Chairman of the Board · since 2022
Ali Jafar Al Tahfh
Chief Financial Officer
Ammar Ahmed Ghorab
Chief Technology Officer · since 2023
Nouman Jameel Bantan
Chief Information Officer
Hassan Ahmed Alzahrani
Chief Compliance Officer and AML
Shaker Faisal Alkhinani
Chief Risk Officer
Afaf Hamed Althobyani
Human Resource and Administration Manager
Mohammed Nasser Alwhbi
Customer Care Manager
Hani Ghazi Bahadi
Chief Sales Officer
Issam Ibrahim Khatarish
Anti-Fraud Manager
Turki Awad Mobaraki
Internal Audit Manager
Christopher Radcliffe
Actuarial Expert
Mohammed Taha Alsafi
Director
Wael Abdulrahman Albassam
Independent Director · since 2022
Fahad Talal Kurdi
Independent Vice Chairman of the Board · since 2025
Mountasar Mohammed Foudah
Independent Chairman of the Board · since 2022
Khaled Mohammed Salem Bajnaid
Independent Director · since 2022
IPO date
May 23, 2007
Employees
Domiciled in
SA
Incorporated in
SA
Headquarters & legal address
SALAMA Tower
Madinah Road
Jeddah, 02 21332
SA

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