Servizi
Salama Shareholders Approve Landmark Capital Restructuring to Strengthen Solvency and Regulatory Capital Position
This capital restructuring marks a critical milestone in Salama's ongoing efforts to reinforce solvency, ensure full regulatory compliance and provide a stable foundation for future operations.
The new capital will strengthen Salama's solvency position and ensure compliance with capital requirements of the Central Bank of the UAE, while supporting its well-diversified portfolio across product lines and geographies providing stability and multiple avenues for sustainable growth.
Salama reported steady financial improvement in the first half of 2025, with total equity rising to AED 351.84 million, a 5.2% increase compared to the previous year. The Company also achieved a net profit of AED 8.25 million and Takaful revenue of AED 515.36 million as of 30 June 2025 , demonstrating disciplined operations and improved financial performance.
S&P Global Ratings recently affirmed Salama's long-term issuer credit and insurer financial strength rating at 'BBB-' with a Developing outlook, highlighting the Company's improving fundamentals and progress toward a stronger capital position.
Salama Islamic Arab Insurance Company (Salama) is one of the world's largest and longest-established Shariah-compliant Takaful solutions providers listed on the Dubai Financial Market, with paid-up capital of AED 939 million.
Since its incorporation in 1979, Salama has been a pioneer in the Takaful industry, having won many industry awards and accolades. Salama's stability and success can be attributed to its customer-centric approach that keeps its customers and partners at the heart of the business, while staying committed to its Takaful principles. The company is recognised for providing the most competitive and diverse range of family, motor, general and health Takaful solutions that meet the ever-changing demand of its individual and corporate customers in the UAE and, through its extensive network of subsidiaries and associates, in Egypt and Algeria .
As the preferred Takaful provider for its partners and customers, Salama remains committed to shaping tomorrows, together.
View original content:https://www.prnewswire.co.uk/news-releases/salama-shareholders-approve-landmark-capital-restructuring-to-strengthen-solvency-and-regulatory-capital-position-302587383.html