Salama Cooperative Insurance Company

Saudi Stock Exchange 8050.SR

Salama Cooperative Insurance Company Gross Profit for the year ending December 31, 2023: USD 220.94 M

Salama Cooperative Insurance Company Gross Profit is USD 220.94 M for the year ending December 31, 2023, a 47.58% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Salama Cooperative Insurance Company Gross Profit for the year ending December 31, 2022 was USD 149.71 M, a 31.97% change year over year.
  • Salama Cooperative Insurance Company Gross Profit for the year ending December 31, 2021 was USD 113.45 M, a 6.23% change year over year.
  • Salama Cooperative Insurance Company Gross Profit for the year ending December 31, 2020 was USD 106.80 M, a -23.64% change year over year.
  • Salama Cooperative Insurance Company Gross Profit for the year ending December 31, 2019 was USD 139.87 M, a -30.04% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
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Saudi Stock Exchange: 8050.SR

Salama Cooperative Insurance Company

CEO Mr. Bader Khalid Alanzi
IPO Date March 4, 2010
Location Saudi Arabia
Headquarters Salama Tower
Employees 55
Sector Finance
Industries
Description

Salama Cooperative Insurance Company provides insurance products and services in the United Arab Emirates, the Kingdom of Saudi Arabia, Algeria, Malaysia, Bahrain, Senegal, and Egypt. It operates through Medical, Motor, and Others segments. It offers motor insurance products that cover accident, fire, towing, malicious, theft, estimation, and medical expenses; and medical insurance for care, medicines, chronic diseases, vaccination, maternity and neonatal, physiotherapy, ophthalmology, dental care, oncology, and CCHI. The company also provides travel insurance comprising personal accidents, medical expenses, repatriation of mortal remains, lost baggage, passport loss, cash loss, personal liability, and accidental death; and malpractice insurance that provides specialties, flexible, and medical facilities coverage. In addition, it offers general insurance coverage, such as engineering, liability, marine, property, and general accident insurance products. The company was formerly known as Saudi IAIC Cooperative Insurance Company and changed its name to Salama Cooperative Insurance Company in 2012. Salama Cooperative Insurance Company was founded in 1979 and is based in Jeddah, the Kingdom of Saudi Arabia.

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StockViz Staff

January 15, 2025

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