SALAMA: results at end-September 2024

Islamic Arab Insurance Company (SALAMA) closed the first three quarters of 2024 with a net profit of 30.41 million AED (8.3 million USD), a 63.8% increase year-on-year.

Takaful revenue amounted to 802.83 million AED (218.6 million USD), down 2.6% on the 824.344 million AED (224.402 million USD) recorded at the end of September 2023.

During the reporting period, the company's assets and shareholders' equity stood at 3.669 billion AED (998.8 million USD) and 652.737 million AED (177.7 million USD) respectively.