SALAMA Cooperative Insurance Co - Company Profile
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SALAMA Cooperative Insurance Co (SALAMA Cooperative) is a Saudi Joint Stock Company engaged in providing Shariah-compliant insurance solutions. The company's main activities include offering a range of takaful and retakaful insurance products. Its major services encompass motor, comprehensive, third-party, corporate, medical, travel, malpractice, general, engineering, liability, marine, property, and accident insurance. The company's products serve individual and corporate clients across various sectors, including healthcare, travel, and engineering. It operates through a network of distribution channels to reach its customers effectively. It primarily serves the MENA region, focusing on markets that require Shariah-compliant insurance solutions. SALAMA Cooperative is headquartered in Riyadh, Saudi Arabia.
Headquarters
Saudi Arabia
Address
Salama Tower, 12th Floor, Al Madina Road, 7864, Jeddah, Makkah, 21491
Website
www.salama.com.sa
Telephone
966 1 920023355
Industry
Financial Services
Ticker Symbol & Exchange
8050 (SAU)
Revenue (2025)
$142.7M
-29.2%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
-404%
(2025 vs 2024)
Market Cap*
$79.9M
Net Profit Margin (2025)
XYZ
-529.1%
(2025 vs 2024)
* As of and is in US$
SALAMA Cooperative Insurance Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Health Insurance: | Service: |
| Corporate Health Care Cover | Motor Claims Services |
| Individual Health Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
Competitor Comparison
| Key Parameters | SALAMA Cooperative Insurance Co | The Mediterranean and Gulf Cooperative Insurance and Reinsurance Co | Walaa Cooperative Insurance Co | Gulf Insurance Group | Mutakamela Insurance Co |
|---|---|---|---|---|---|
| Headquarters | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia | Saudi Arabia |
| City | Jeddah | Riyadh | Al-Khobar | Riyadh | Riyadh |
| State/Province | Makkah | Riyadh | Eastern Province | Riyadh | Riyadh |
| No. of Employees | - | - | - | 4,100 | 462 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mountasar Mohammed Foudah | Chairman | Executive Board | - | - |
| Bader Khalid Alanzi | Director, Chief Executive Officer | Executive Board | - | - |
| Shaker Faisal Alkhinani | Chief Risk Officer | Senior Management | - | - |
| Hani Ghazi Bahadi | Chief Sales Officer | Senior Management | - | - |
| Ammar Ahmed Ghurab | Chief Technical Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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