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UAE- SALAMA's preliminary 2020 net profit doubles to AED136.13 million

(MENAFN - Emirates News Agency (WAM)) DUBAI, 14th February, 2021 (WAM) Islamic Arab Insurance Company, listed as SALAMA on DFM, reported significant growth in net profit for 2020 to AED136.13m, underlying net profit up more than 15% YoY.
Announcing its preliminary results for the 2020 fiscal year, the company said in a statement today that gross written contributions increased 6% to AED1.17bn, despite challenges of the COVID-19 pandemic.
The company s board proposed 3 fils/share cash dividend for 6-months ending 31 Dec 2020, in addition to the special dividend announced earlier of 5.25 fils/share which brings the total to 8.25 fils/share to be recommended to be distributed to shareholders. ....

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List of companies approved to issue third-party car insurance - ARAB TIMES

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KUWAIT CITY, Jan 23: The Insurance Regulatory Unit, with the cooperation of the Traffic Operations Sector, issued an updated list of companies approved to issue an insurance policy for civil liability arising from third-party traffic accidents, reports Al-Anba daily.
This came within the framework of the joint cooperation and coordination between the General Department of Public Relations and Security Media at the Ministry of Interior and the Insurance Regulatory Unit in order to develop the procedures and mechanisms for issuing vehicle insurance (third-party car insurance), which is the minimum legal level of cover needed to drive a car.
The companies that have been approved are – Kuwait Insurance Company, Warba Insurance Company, Bahrain Kuwait Insurance Company, Kuwait Qatar Insurance Company, Arab Insurance Company, T’azur Takaful Insurance Company, KFH Takaful Insurance Company, Burgan Takaful Insurance Company, Gulf Insurance Group, First Takaful In ....

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