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The company is optimistic about the remaining half of 2021 supported by ongoing digitisation initiatives and continuous improvement in operational effic. ....
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Salama posts highest Q1 profit since 2011 Jassim Alseddiqi, chairman, Salama. The company has achieved significant growth in net investment income. Islamic Arab Insurance Company, listed as ‘Salama’ reported a net income of Dh24.22 million in the first quarter of 2021, its highest Q1 net profit since 2011, and an increase of 84.43 per cent compared to Dh13.13 million in the first quarter of 2020. Salama started the year on a strong note, continuing the upward trend in achieving its strategic objectives. In particular, the company delivered a solid performance in improving core business profitability and investment income, which increased by 60.05 per cent to Dh12.25 million in the first quarter of 2021, compared to Dh 7.65 million in the same period last year. ....