Islamic Arab Insurance Company (SALAMA) reported a significant improvement in its financial results for the year ending December 31, 2025, with a net profit of AED 11.1 million. On a normalised basis, excluding a one-time foreign exchange gain in 2024, the underlying net profit increased by approximately 147% year-on-year. This improvement was attributed to better underwriting practices, risk selection, portfolio optimization, claims management, and cost efficiency. SALAMA also strengthened its capital and solvency through disciplined balance sheet management, reinsurance optimization, and prudent investment strategies. The company initiated a Mandatory Convertible Sukuk issuance to further enhance solvency. The Board's transformation plan has improved solvency buffers, governance, and risk management, with a continued focus on sustainable growth and disciplined asset-liability management.

The preliminary results for the year ended December 31, 2025, of the Public Joint Shareholders Company, Islamic Arab Insurance Co. – SALAMA (P.S.C), have been released. The company was established on April 29, 1979, with a paid-up, subscribed, and authorized capital of AED 483,021,183. The Chairman of the Board is Essa Ali Bin Salem Bin Jassim Alzaabi, and the Chief Executive Officer is Mohamed Ali Bouabane. The external auditor is Ernst & Young, Middle East. The company's mailing address is 4th Floor, Spectrum Building, Oud Metha, P.O. Box 10214, Dubai. They can be contacted via telephone at +971 4 3577000, fax at +971 4 3577418, or email at info@salama.ae. Note that these results are unaudited and unreviewed.

The Board of Directors of the Islamic Arab Insurance Company (SALAMA) held a meeting on 10 February 2026. During this meeting, the Board approved several items: the minutes from the previous meeting on 25 December 2025 and decisions made by circulation, the preliminary financial results for the fiscal year ending on 31 December 2025, and the company's reinsurance strategy. They also discussed regular matters and other business.

The Islamic Arab Insurance Company (SALAMA) has scheduled a Board of Directors' meeting on Tuesday, February 10, 2026, at 3:00 PM. The meeting will cover the approval of the minutes from the previous board meeting held on December 25, 2025, and decisions made by circulation. Additionally, the board will discuss and approve the preliminary, unaudited financial results for the fiscal year ending December 31, 2025, along with addressing regular matters and any other business. The announcement was made by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.

The Islamic Arab Insurance Company (SALAMA) announced that its Board of Directors has passed resolutions, subject to prior regulatory approvals from the UAE Central Bank and the Capital Market Authority. The resolutions include accepting proposed subscriptions to the company's convertible sukuk by Eshraq Investment Company for AED 66,825,000 and by Humana Holding Limited for AED 88,175,000. These subscriptions are in accordance with the terms and conditions approved by the company's general meeting on October 16, 2025, and the Board of Directors' resolutions on November 24, 2025.

SALAMA, the Islamic Arab Insurance Company, has received shareholder approval for strategic investors Eshraq Investments PJSC and Humana Holding Limited to participate in its Mandatory Convertible Sukuk issuance, each subscribing up to AED 175 million. This move is part of SALAMA's recapitalization and long-term growth strategy to transform into a national insurance leader based in Dubai. The capital raised will support investments in talent, technology, infrastructure, brand development, distribution, and future mergers and acquisitions. The participation of these investors indicates strong institutional confidence in SALAMA's transformation and long-term vision.

The Islamic Arab Insurance Company, SALAMA, held a General Assembly meeting on January 30, 2026, both at their headquarters in Dubai and virtually. The meeting, chaired by Mr. Essa Ali Bin Salem Alzaabi, had a quorum of 52.2909% of total attendance, with 38.0484% authenticity and 14.2425% by proxy. Key decisions included the appointment of Mr. Ahmad Abdelrahim as Secretary and Mr. Mohamed Shaaban as Attendance Register and Vote Collector. The assembly approved the issuance of Mandatory Convertible Sukuk (MCS) following a capital reduction, pending regulatory approvals. The meeting also approved the participation of Eshraq Investment P.J.S.C. and Humana Holding Limited, both related parties, to subscribe to the MCS for up to AED 175,000,000 each, as part of a capital restructuring plan to restore the company's capital adequacy.

The Islamic Arab Insurance Company (SALAMA) is planning to have its Board of Directors pass a resolution by circulation on Tuesday, February 3, 2026. The resolution will address the upcoming issuance of mandatory Convertible Sukuk (MCS) and other general business-related matters of the company. The letter is addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Capital Market Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is signed by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.

The Islamic Arab Insurance Company (PJSC) held a General Assembly Meeting on October 16, 2025, where shareholders approved a capital reduction totaling AED 456,567,815. This reduction will be achieved by extinguishing accumulated losses of AED 443,861,155 through the cancellation of 439,737,326 shares on a pro-rata basis and utilizing AED 4,123,829 from the statutory reserve to offset the remaining losses.

According to Clauses 1 and 2 of Article 40 of the Corporate Governance Manual, shareholders are informed that they may delegate their right to attend the general assembly to someone of their choosing, as long as the delegate is not a board member, company employee, or employee of a securities brokerage company. This delegation must be done through a written power of attorney that explicitly states the proxy's right to attend and vote at the assembly. The proxy must not hold more than 5% of the company's issued capital on behalf of shareholders. Legal representatives must represent those who lack legal capacity. The shareholder's signature on the power of attorney must be approved by one of the following entities: a notary public, a commercial chamber or economic department in the state, a bank or licensed company where the shareholder has an account, or any other licensed entity authorized to perform attestation. The proxy form must include the shareholder's name and contact number, as well as those of the brokerage firm that approved the proxy. This form serves as a guideline for issuing a proxy, with the requirement that the shareholder's signature be approved by one of the mentioned authorities. For further inquiries or clarification, contact can be made via telephone at 00971 4 4040223 or email at Ahmad.Abdelrahim@salama.ae.

The Islamic Arab Insurance Company (PJSC) held a General Assembly Meeting on October 16, 2025, where shareholders approved a capital reduction of AED 456,567,815. This reduction will be accomplished by eliminating accumulated losses of AED 443,861,155 through the cancellation of 439,737,326 shares on a pro-rata basis and utilizing AED 4,123,829 from the statutory reserve to cover the remaining losses.

The Islamic Arab Insurance Company (SALAMA) has increased the permitted ownership limit for non-UAE nationals in its share capital to 49%, as stated in the company's articles of association. However, UAE nationals and Gulf Cooperation Council (GCC) nationals must maintain at least a 51% shareholding in the company. The previous ownership limit for non-UAE nationals and GCC nationals was 25%, and this will remain in effect until December 30, 2025. The new ownership limits will take effect on December 31, 2025.