SALAMA - Latest News
Overview of Saudi insurance sector’s P/E ratio in 2023
Argaam Special 03/04/2024
Saudi insurers’ aggregate profit hits SAR 3.4B in 2023, Q4 at SAR 675.1M
Argaam Special 28/03/2024
Salama hires Alawwal Capital to advise on capital hike via rights issue
Argaam 21/03/2024
Salama board recommends capital hike via SAR 100 mln rights issue
Argaam 18/03/2024
Salama pays compensation for unsubscribed rights issue shares
Argaam 28/12/2023
Salama cuts accumulated losses to 15.9% of capital
Argaam 14/12/2023
Edaa deposits Salama’s subscribed securities
Argaam 04/12/2023
Salama rump offering 934.3% covered
Argaam 30/11/2023
Salama rights issue 91.09% covered
Argaam 22/11/2023
Salama’s subscription to rights shares ends today
Argaam 21/11/2023
Salama gets SAMA’s final approval on 2 insurance products
Argaam 16/11/2023
Salama’s rights trading period ends today
Argaam Special 16/11/2023
Saudi insurance sector's combined profit soars to SAR 2.67 bln in 9M 2023, Q3 at SAR 903.8 mln
Argaam Special 15/11/2023
Salama starts rights trading, subscription to new shares today
Argaam Special 09/11/2023
Edaa deposits Salama tradable rights today
Argaam 08/11/2023
Salama to start rights trading, subscription to new shares on Nov. 9
Argaam 06/11/2023
Salama shareholders OK SAR 100 mln rights issue to hike capital
Argaam 06/11/2023
Salama narrows accumulated losses to 33.81% of capital
Argaam 05/11/2023
Salama shareholders to vote on SAR 100 mln capital hike via rights issue on Nov. 5
Argaam 15/10/2023
TASI leaps 5.5% in 9M 2023; Etihad Atheeb, Elm top gainers
ِArgaam special 30/09/2023
Saudi insurance sector posts SAR 1.79 bln combined profit in H1 2023, Q2 at SAR 1.18 bln
Argaam Special 22/08/2023
Salama’s accumulated losses shrink to 46.48% of capital
Argaam 13/08/2023
Salama issues rights offering prospectus
Argaam 01/08/2023
CMA nods Salama’s capital hike request via rights issue
Argaam 23/07/2023
Salama gets SAMA approval on new product
Argaam 18/07/2023
Saudi insurers’ aggregate profit hits SAR 607.4 mln in Q1 2023
Argaam Special 11/07/2023
Salama gets 1-year renewal of CHI license
Argaam 15/06/2023
Salama gets SAMA approval on 3-month extension for capital hike
Argaam 21/05/2023
Auto insurance GWPs rise 50% in Q4 2022
Argaam Special 04/05/2023
Saudi insurers’ aggregate profit hits SAR 728.6 mln in 2022
Argaam Special 13/04/2023
Details of insurers announcing increase in Najm stake value
Argaam 09/04/2023
Salama reports higher value of investment in Najm
Argaam 09/04/2023
Saudi insurance sector’s P/E ratio in 2022
Argaam Special 04/04/2023
Salama says Article 150 of old Companies Law waived; capital hike procedures ongoing
Argaam 26/02/2023
Salama submits rights issue application to CMA
Argaam 13/02/2023
Salama shareholders approve formation of audit committee
Argaam 09/02/2023
Salama shareholders to vote on audit committee formation on Feb. 8
Argaam 17/01/2023
Salama gets SAMA approval on comprehensive motor insurance product
Argaam 15/01/2023
Salama shareholders approve capital hike
Argaam 18/12/2022
Saudi health insurers’ aggregate GWPs rise 25%, incurred claims up 25% in Q3 2022
Argaam Special 11/12/2022
Auto insurance GWPs rise 30%, claims incurred up 29% in Q3 2022
Argaam Special 06/12/2022
Salama shareholders to vote on capital increase measures on Dec. 15
Argaam 14/11/2022
Saudi insurance sector's combined profit rises to SAR 498.9 mln in 9M 2022, Q3 at SAR 449.7 mln
Argaam Special 13/11/2022
Salama board amends capital hike recommendation to SAR 100 mln
Argaam 06/11/2022
Salama board makes SAR 200 mln capital increase via rights issue
Argaam 06/11/2022
Salama appoints Mountasar Foudah as Chairman, Adnan Khoja Vice Chairman
Argaam 25/10/2022
Salama deposits proceeds from fractional shares sale
Argaam 16/10/2022
TASI trims gains YTD, closes 9M 2022 1% higher
Argaam Special 01/10/2022
Saudi insurance sector to grow in 2022; 3 insurers dominate 83% of market: Official
Argaam Special 27/09/2022
Islamic Arab Insurance sells shares in Saudi-listed Salama after regulatory approvals
Argaam 21/09/2022
Auto insurance GWPs rise 28%, claims incurred up 23% in Q2 2022
Argaam Special 18/09/2022
Salama concludes fractional shares sale, fails to deposit proceeds
Argaam 15/09/2022
Saudi health insurers’ aggregate GWPs rise 30%, incurred claims up 19% in Q2 2022
Argaam Special 15/09/2022
Salama shareholders elect board members for new term
Argaam 12/09/2022
Saudi insurers’ GWPs rise 24% in H1 2022
Argaam Special 07/09/2022
Saudi insurance sector's combined profit falls to SAR 114 mln in H1 2022
Argaam Special 31/08/2022
Salama shareholders to elect new board members on Sept. 11
Argaam 22/08/2022
Edaa implements procedures to reduce Salama’s capital
Argaam 21/08/2022
Salama board recommends SAR 200 mln capital increase via rights issue
Argaam 17/08/2022
Salama shareholders approve 60% capital cut; 2-day trading halt on stock
Argaam 17/08/2022
Salama shareholders to vote on 60% capital cut to partly offset accumulated losses on Aug. 16
Argaam 26/07/2022
CMA approves Salama’s capital reduction to SAR 100 mln
Argaam 24/07/2022
Salama gets CMA's nod on capital reduction to SAR 100 mln
Argaam 21/07/2022
Salama shareholders reject 2021 board remuneration
Argaam 27/06/2022
Auto insurance GWPs rise 6%, claims incurred up 22% in Q1 2022
Argaam Special 16/06/2022
Saudi health insurers’ aggregate GWPs rise 20%, incurred claims add 17% in Q1 2022
Argaam Special 15/06/2022
Saudi insurers’ GWPs rise 19% to SAR 15 bln in Q1 2022
Argaam Special 12/06/2022
Salama shareholders to vote on 2021 financials, board report on June 26
Argaam 05/06/2022
Overview of Saudi insurance sector’s P/E ratio in Q1 2022
Argaam Special 29/05/2022
Saudi insurance sector reports SAR 163.2 mln losses in Q1 2022
Argaam Special 26/05/2022
Salama submits capital reduction application to CMA
Argaam 26/05/2022
Salama receives SAMA’s nod to reduce capital by 60%, to use statutory reserve to offset accumulated losses
Argaam 23/05/2022
Tadawul: 49 firms pay bonus, allowance to board members in 2021 despite losses
Argaam Special 24/04/2022
Salama receives SAMA letter on decline of solvency margin
Argaam 21/04/2022
Auto insurance sector's GWPs rise 10%, claims incurred up 33% in Q4 2021
Argaam Special 21/04/2022
Saudi health insurers’ aggregate GWPs rise 20% in Q4 2021
Argaam Special 20/04/2022
Salama appoints Yaqeen Capital as financial advisor for capital cut
Argaam 05/04/2022
Overview of Saudi insurance sector’s P/E ratio in 2021
Argaam Special 04/04/2022
Saudi insurance sector reports SAR 45.34 mln losses in 2021; Q4 losses at SAR 511.55 mln
Argaam Special 04/04/2022
Salama board proposes capital cut by 60%, to use SAR 5 mln statutory reserve to offset losses
Argaam 17/03/2022
Salama says accumulated losses reach 63.42% of capital
Argaam 27/02/2022
Salama to open board membership nominations on Feb. 27
Argaam 24/02/2022
CEOs of over 35 Saudi-listed firms resign in 2021
Argaam Special 16/01/2022
Salama gets SAMA nod to renew insurance license for 3 years
Argaam 22/12/2021
Auto insurance sector's GWPs inch lower, incurred claims rise 20% in Q3 2021
Argaam Special 07/12/2021
Saudi health insurers’ aggregate GWPs up 17%, net incurred claims rise 8% in Q3 2021
Argaam Special 06/12/2021
Salama board member resigns
Argaam 28/11/2021
Saudi insurers’ GWPs rise 8%, net incurred claims up 14% in 9M 2021
Argaam Special 25/11/2021
Salama appoints Bader Alanzi as CEO effective Dec. 1
Argaam 23/11/2021
Salama says Omar Al-Ajlani resigns as CEO
Argaam 18/11/2021
Saudi insurance firms’ P/E ratio crosses 50x in Q3 2021
Argaam Special 14/11/2021
Aggregate profit of Saudi insurers falls 60% to SAR 534.9 mln in 9M 2021
Argaam Special 14/11/2021
Salama’s accumulated losses reach 34.82% of capital
Argaam 09/11/2021
Saudi auto insurers’ GWPs down 2%, net incurred claims up 58% in Q2 2021
Argaam Special 14/09/2021
Saudi health insurers’ GWPs rise 8%, net incurred claims climb 27% in Q2 2021
Argaam Special 12/09/2021
Saudi insurers’ GWPs rise 6% in H1 2021
Argaam Special 07/09/2021