SALAMA Changes Trading Symbol at DFM
Dubai, July 22nd 2009 - The Islamic Arab Insurance Company, leading provider of Shari’ah compliant insurance solutions around the world has decided to change its trading symbol at the Dubai Financial Market from “IAIC” to “SALAMA”.
“The move came as a natural result of the great success achieved by the name SALAMA in the UAE and abroad”, said Chairman Dr. Saleh Malaikah. “The company has managed over the years to build a very strong brand equity that transcended boundaries; as such, we believe it is about time we revisited our trading symbol to leverage the well-known SALAMA icon”.
In fact, since its inception, the Islamic Arab Insurance Company has successfully strived to reshape the scene of Shari’ah compliant insurance solutions across the region, setting new standards for the industry. The company’s key strength revolves around a customer-centric methodology, a rigorous system and an innovative approach.
“We are thankful to the positive feedback and prompt support we received from the Dubai Financial Market, who duly handled the necessary procedures in order to ensure a smooth and successful name reshuffling”, added Malaikah.
SALAMA has one of the most comprehensive ranges of Family Takaful products and services across the Middle East. The company has consistently maintained a high level of transparency and disclosure and has facilitated its charging structure to enable its customers to accomplish their transactions with ease and convenience.
About SALAMA Islamic Arab Insurance Company
SALAMA–Islamic Arab Insurance Company embarked from Dubai on its quest for expansion through acquisitions and participation in a number of Takaful and Re-Takaful companies in many Arab and Islamic countries. Today SALAMA is the largest Takaful and Re-Takaful Group in the world with a capital of USD 300 million (in excess of AED 1 billion). Its financial strength can be gauged by the “A-” rating that it received from AM Best and “BBB+” by S&P. Among the prominent subsidiaries of SALAMA, is the wholly owned Tunisia-based BEST Re, the largest global Re-Takaful company, serving customers in more than 70 countries.