Salama Cooperative Insurance Company Profile and Data

Salama Cooperative Insurance Company is a leading insurance provider in the Middle East and North Africa region. It was established in 1979, making it one of the oldest insurance companies in the region.

Salama has a strong presence in the UAE and other countries, with a network of branches and agents that cater to the insurance needs of individuals and businesses. The company offers a wide range of insurance products, including motor, health, and property insurance.

Salama's commitment to customer satisfaction and service excellence has earned it numerous awards and recognition in the industry.

Salama Cooperative Insurance Co is a Saudi Joint Stock Company that provides integrated insurance solutions in the field of cooperative insurance.

The company's main activities include general insurance and health insurance, with a focus on motors insurance, underwriting, and reinsurance.

Salama Cooperative operates within the Kingdom of Saudi Arabia, specifically targeting the MENA region as its primary market.

The company is headquartered in Jeddah, Saudi Arabia, and is associated with the Islamic Arab Insurance Company brand, known for its Shariah-compliant insurance offerings.

Salama Cooperative's products and services cater to a diverse customer base across various industries, ensuring compliance with cooperative insurance regulations in Saudi Arabia.

Salama has a diverse management team with various roles and responsibilities. The company's CEO, Bader Khalid Alanzi, has been in his position since November 30, 2021.

Bader Khalid Alanzi is the Chief Executive Officer of Salama, a position he has held since November 30, 2021. The company also has a Chief Administrative Officer, Afaf Adibayani, who has been in her role for an unknown duration.

Ammar Ahmad Hamza Ghurab has been the Chief Operating Officer since December 31, 1998, making him one of the longest-serving members of the management team.

The management team also includes a Chief Tech/Sci/R&D Officer, Alla Harbi, and a Corporate Secretary, Abdulrahman Abdullah Al Zahrani.

The management team plays a crucial role in the success of any company. Let's take a look at the directors of Salama Cooperative Insurance Company and Islamic Arab Insurance Co. (Salama).

Bader Khalid Alanzi has been the CEO of Salama Cooperative Insurance Company since November 30, 2021.

Afaf Adibayani serves as the Chief Administrative Officer at Salama Cooperative Insurance Company.

Ammar Ahmad Hamza Ghurab has been the Chief Operating Officer at Salama Cooperative Insurance Company since December 31, 1998.

Alla Harbi is the Chief Tech/Sci/R&D Officer at Salama Cooperative Insurance Company.

Abdulrahman Abdullah Al Zahrani is the Corporate Secretary at Salama Cooperative Insurance Company.

Walter Jopp has been the CEO of Islamic Arab Insurance Co. (Salama) since May 17, 2023.

Fadi Hosn is the Director of Finance/CFO at Islamic Arab Insurance Co. (Salama).

Laila Yousif Othman has been the Chief Administrative Officer at Islamic Arab Insurance Co. (Salama) since January 31, 2017.

Sadia Khanam Noori has been responsible for Sales & Marketing at Islamic Arab Insurance Co. (Salama) since January 12, 2013.

Muhammed Ashraf Abedi is the Comptroller/Controller/Auditor at Islamic Arab Insurance Co. (Salama), a role he has held since September 17, 2016.

Here's a list of the directors and their titles:

The board members play a crucial role in overseeing the company's management and governance. They ensure that the company operates in accordance with its objectives and values.

Mohammad Daud Bakar is a Shariah Board Member at Islamic Arab Insurance Co. (Salama), a position he has held since 2010. His experience and expertise in Shariah law have been invaluable to the company.

Saeed Al-Hajeri is the Chairman of the board at Islamic Arab Insurance Co. (Salama), a role he took on in 2023. His leadership and vision have been instrumental in shaping the company's direction.

The board members at Salama Cooperative Insurance Company are also highly experienced and skilled. Abdullah Al-Musleh, for example, has been a Shariah Board Member since 2010 and brings a wealth of knowledge to the role.

Here is a list of the board members at both companies:

The ages of the board members vary, with some, like Mohammad Daud Bakar, being 61 years old. Others, like Abdullah Al-Musleh, are 74 years old.

Salama is a leading insurance company in the Middle East and North Africa region. It has a large and diverse shareholder base.

Salama is a public joint stock company listed on the Egyptian Stock Exchange. Its shares are widely held by both local and international investors.

The company's largest shareholder is the Arab African International Bank, which owns approximately 22% of its outstanding shares.

Salama's financials are a crucial aspect of understanding the company's performance. The company's income statement and estimates are a key part of this.

Salama's financials are reported in the stock market. Specifically, the company's equity is listed under the ticker symbol 8050 Stock.

Salama is a leading insurance company in the Middle East and North Africa region.

The company was founded in 1979, making it a well-established player in the industry. It has a strong presence in several countries, including Egypt, Saudi Arabia, and the United Arab Emirates. Salama offers a wide range of insurance products, including motor, health, and property insurance.

Premium industry data and analytics play a crucial role in making informed decisions. This is because they provide accurate and timely information about market trends and customer behavior.

With the help of advanced tools and technologies, businesses can now access vast amounts of data and analytics, which can be used to gain a competitive edge. For instance, a recent study found that companies that utilize data analytics are 23% more likely to experience growth.

The global industry data analytics market is expected to reach $187 billion by 2025, driven by the increasing demand for big data and cloud computing. This growth is expected to create new opportunities for businesses to leverage data analytics and drive innovation.

Companies like Amazon and Google are already leveraging data analytics to improve customer experiences and drive revenue growth. Their success stories serve as a testament to the power of data analytics in driving business outcomes.

By investing in premium industry data and analytics, businesses can gain a deeper understanding of their customers, markets, and competitors. This knowledge can be used to inform strategic decisions and drive business growth.

Data analytics can also help businesses to identify new business opportunities and mitigate risks. For instance, a company that analyzes customer feedback and sentiment can identify areas of improvement and make necessary changes to their products or services.

The use of data analytics has become increasingly important in today's fast-paced business environment. Businesses that fail to leverage data analytics risk being left behind by their competitors.

The automobile insurance industry has seen its fair share of fluctuations in recent years. The weighted average return on investment for companies in this space is -0.92% over the past 5 days.

Some companies have fared better than others. For example, SALAMA COOPERATIVE INSURANCE COMPANY has seen a 1.35% increase in its stock price over the same period.

On the other hand, companies like PROGRESSIVE CORPORATION have experienced a -1.12% decline. This trend is consistent over the past year, with PROGRESSIVE CORPORATION's stock price increasing by 3.19% over that time.

The industry as a whole has seen significant growth over the past year, with the average return on investment reaching 19.94%. This is a stark contrast to the 31.46% growth seen over the past three years.

Here's a breakdown of the top 5 companies in the automobile insurance industry over the past 5 days:

The industry's market capitalization has also seen significant growth, reaching $21.47 billion over the past year.

Salama's sales have a significant geographical component, with Asia being a major market for the company. In 2023, Asia accounted for 903 million in sales.

The Kingdom of Saudi Arabia is also a key market for Salama, particularly for Salama Cooperative Insurance Company. In 2023, the Kingdom of Saudi Arabia accounted for 829 million in sales.

Here is a breakdown of Salama's sales by region for 2023:

Note that the sales figures for Asia and the Kingdom of Saudi Arabia are significantly higher than those for Africa, indicating a strong presence in these markets.

Sales by Region is a crucial aspect of understanding the insurance industry's geographical dynamics. The data from Salama Cooperative Insurance Company reveals that the Kingdom of Saudi Arabia is a significant market, with sales reaching 829 million in 2023.

In fact, this region has consistently shown growth, increasing from 411 million in 2020 to 829 million in 2023.

The geographical breakdown of sales for Islamic Arab Insurance Co. (Salama) shows a diverse picture, with Asia being a major contributor, reaching 903 million in 2023.

However, Africa's sales have remained relatively stable, with a slight decrease from 223 million in 2020 to 208 million in 2023.

Here's a breakdown of the sales by region for Islamic Arab Insurance Co. (Salama) and Salama Cooperative Insurance Company:

The data suggests that the insurance industry is experiencing growth in certain regions, but it's essential to monitor these trends to understand the market's dynamics.

Sales by Activity can vary greatly depending on the region and type of insurance company. In the case of Salama Cooperative Insurance Company, motor sales have seen significant growth, increasing from 390M in 2019 to 616M in 2023.

Looking at the numbers, motor sales have consistently been the highest-grossing category for Salama Cooperative Insurance Company. In 2023, motor sales accounted for 616M, more than double the amount in 2019.

Medical sales have also seen an increase, growing from 114M in 2019 to 149M in 2023. This suggests that Salama Cooperative Insurance Company is experiencing a rise in demand for medical insurance services.

Here's a breakdown of Salama Cooperative Insurance Company's sales by activity for the years 2019-2023:

The "Other" category has also seen growth, increasing from 8.4M in 2019 to 35.67M in 2023. This category includes a range of insurance services, such as other types of insurance and unallocated income.