Merger between SALAMA and Takaful Emarat

Islamic Arab Insurance Company (SALAMA) has received initial approval from the competent authorities to merge with Takaful Emarat. The two UAE insurers have signed a non-monetary agreement for the merger.

The transaction will be carried out via the issuance of additional shares by SALAMA to the shareholders of Takaful Emarat.

SALAMA has also started negotiations with Dubai Islamic Insurance and Reinsurance (Aman) to acquire part of its takaful portfolio (general, health and family).

SALAMA, through these two operations, aims at strengthening its position as a leader in takaful insurance at the regional level.