SALAMA: H1 2024 results and new appointments

Islamic Arab Insurance Company (SALAMA) recorded a Takaful turnover of 528.58 million AED (143.9 million USD) as at 30 June 2024, down 2.9% on the 544.17 million AED (148.1 million USD) posted a year earlier.

Net profit rose by 67% to 20.53 million AED (5.6 million USD), compared with 12.26 million AED (3.3 million USD) in the first half of 2023.

SALAMA has made two new appointments to its Board of Directors.

Fahad AlQassim and Fareed Lutfi have been appointed Chairman and Vice-Chairman respectively.