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Islamic Arab Insurance Company (SALAMA) reported its financial results for the first nine months of 2025, showing stable underlying profitability and a strengthened balance sheet. The company recorded a net profit of AED 11.1 million, down from AED 30.4 million the previous year, which included a one-time foreign exchange gain. Excluding this gain, the underlying net profit improved year-on-year. Comprehensive income increased to AED 16 million, driven by better investment performance and operational efficiency. Total liabilities decreased to AED 2.83 billion, while shareholders' equity rose to AED 302.2 million. Takaful revenue was AED 768.7 million, reflecting a focus on quality over volume. SALAMA plans a capital raise through a Mandatory Convertible Sukuk of up to AED 175 million. The company's leadership highlighted the success of its strategic transformation and commitment to long-term value creation.

The document is a review report and interim condensed consolidated financial statements for Islamic Arab Insurance Co. (Salama) PJSC and its subsidiaries, dated 30 September 2025. The financial statements are unaudited.

The Islamic Arab Insurance Company (SALAMA) held a Board of Directors meeting on November 12, 2025. During the meeting, the Board approved the company's financial statement for the third quarter ending September 30, 2025. Additionally, an induction program for new Board Members was presented, aligning with corporate governance regulations. Regular matters and other business updates were also discussed. The communication was signed by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.