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May 19, 2026 4:00 AM

SALAMA Reports Record Profit and Strengthened Solvency in Q1 2026

Net profit rose to AED 14 million in Q1 2026 from AED 0.4 million in Q1 2025

Shareholders' equity grew 40% to AED 505 million, reflecting a significantly reinforced capital base

Solvency ratio increased from 76% to 159% following the successful completion of the capital raise

Earnings per share (EPS) increased to AED 0.023 from AED -0.001, 2,400% year-on-year increase

UAE business delivered its first positive net underwriting result since Q2 2022

Performance driven by disciplined underwriting, operational efficiency, portfolio optimization and capital strengthening initiatives implemented under Group's strategic transformation program focused on sustainable profitability over top-line growth

DUBAI, UAE, May 19, 2026 /PRNewswire/ -- Islamic Arab Insurance Company (Salama) PJSC ("SALAMA"), one of the world's largest and longest-established composite Takaful providers announced a landmark set of Q1 2026 financial results, marking a major milestone in the Group's transformation and recovery journey.

Following the successful completion of its recent capital raise, which was positively received by investors and the market, SALAMA delivered its strongest quarterly financial performance in recent years, with Q1 2026 net profit reaching AED 14 million, compared to AED 0.5 million in the corresponding period last year, and an annual ...