Industry: Multiline Insurance & Brokers | Saudi
Salama Cooperative Insurance Company SJSC is Shariah compliant. The company passes all five major Shariah standards.
|Market cap: 86 M||Rev. Growth: %|
|Debt/36 mo MC||4.6%||✓|
|Cash/36 mo MC||21.95%||✓|
|AR/36 mo MC||%|
|Debt/24 mo MC||3.9%||✓|
|Cash/24 mo MC||18.63%||✓|
|AR/24 mo MC||%|
1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL
Total Analysts: 0
Salama Cooperative Insurance Co SJSC, formerly Saudi IAIC Cooperative Insurance Company (Salama), is a Saudi Arabia-based joint stock company engaged in the provision of cooperative insurance solutions in compliance with Islamic Sharia (Takaful) principles. The Company is organized into three business segments: The Medical segment provides compensation to holders for expenses incurred in treatment of a disease, illness or injury; the Motor segment provides coverage against losses and liability related to motor vehicles, and the Others segment includes property, marine, engineering, accident and liability and miscellaneous categories. Salama serves both individual and institutional customers through six direct Takaful companies in the United Arab Emirates, Saudi Arabia, Egypt, Senegal, Algeria and Jordan, in addition to Re-Takaful Company located in Tunis.
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