Salama to reduce its share capital

The Board of Directors of Islamic Arab Insurance Company (SALAMA) passed a resolution at its meeting on 11 September 2025 to reduce the company’s share capital by 475 710 293 AED (129 505 467 USD).

Following this capital reduction, the insurer plans to issue sukuk (Islamic bonds) amounting to 175 million AED (47.6 million USD).

SALAMA has secured approval from the relevant regulatory bodies, including the Central Bank of the United Arab Emirates (CBUAE), for its capital restructuring. The transaction remains subject to approval by the company’s shareholders.