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- Bahrain All Share Index, Islamic Index close higher
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03/03/2009 00:00 AST
Salama-Islamic Arab Insurance, the Islamic insurance (Takaful) companies has recorded an increase of 74 per cent growth in the premium revenue in 2008.
Dr. Saleh Malaikah, Vice-Chairman & CEO of SALAMA said: "The premium growth in UAE can be attributed to the
increasing awareness of the benefits of Shariah compliant insurance."
Meanwhile, the Takaful has made some key reorganisation in its top level management. The reorganisation is part of a major shake-up of the business as it registers increase in customer base and premium collection.
"This change is part of SALAMA's growth strategy to become a major player in the UAE market and a customer focused organisation. The reorganisation would provide us with a bigger part of a market that's still growing despite the shortfall of liquidity, while the new talent will bring fresh perspective into the boardroom", Malaikah said. Noel D'Mello said:" Its been lucky to have a professional and enthusiastic team supporting me and in my new role I plan to take the business to greater heights. My sincere thanks go out to the excellent Distribution Partners who support us in distributing the Family Takaful products across the UAE and I look forward to supporting them even more in my new role."
Khaleej Times
06/06/2011
Dubai-based Islamic Arab Insurance Company (Salama) reported net profit of AED 30.7 million ($8.36 million) for Q1 2011, a significant y-o-y and q-o-q improvement from a net loss of AED 4.4 million (
CPI Financial
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.70 | -0.30 (-0.08 |
| FAB | 13.90 | -0.14 (-1.00 |
| EMIRATESNBD | 20.15 | -0.30 (-1.47 |
| ADCB | 11.10 | -0.22 (-1.95 |
| EIB | 12.25 | 0.00 (0.00 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
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