Salama Cooperative Insurance Company

Salama Cooperative Insurance Company, trading name SALAMA, is a Saudi joint-stock company listed and issuing shares on ‏the Saudi Stock Exchange (Tadawul)‏. The company manages an investment portfolio, with its shares traded on the main market platform. With an authorized capital of SAR100 million, the company was established in 2006 and is headquartered in ‏Jeddah‏ City. SALAMA operates actively in the insurance management sector, which falls under the broader financial industry.

Salama Cooperative Insurance Company is not investment-restricted, according to the company's bylaws and the directives issued by regulatory and supervisory authorities in the Kingdom of Saudi Arabia. It is identified on Tadawul by its ISIN (SA000A0MLUE6) and classification number (8050).

SALAMA (formerly Saudi IAIC Cooperative Insurance Company) was established as a Saudi joint-stock company under Royal Decree No. M/60, dated October 11, 2006. The company’s history dates back to 1979, with the founding of the Islamic Arab Insurance Company (SALAMA) in the United Arab Emirates. Salama Cooperative Insurance Company is a pioneer in providing Sharia-compliant insurance solutions and was among the first companies licensed under cooperative insurance regulations.

The main activities of SALAMA include vehicle insurance of all types, medical insurance, property and buildings insurance, real estate insurance, engineering and construction insurance, and marine insurance.