Salama Cooperative Insurance Company (formerly Saudi IAIC Cooperative Insurance Co.) is a Saudi Joint Stock Company established by Royal Decree No. M/60 Issued on 18/09/1427H corresponding to 11/10/2006G. The history of the company in fact dates back to 1979 with the registration of Islamic Arab Insurance Company (Salama) in UAE, Salama Coorperative Insurance Co is one of the largest Takaful and Retakaful players in the MENA region and considered pioneer in Shariah Compliant Insurance. Salama Saudi is one of the first cooperative insurance companies licensed under the Cooperative Insurance Regulations. The Company is well-known for the quality of service and the security it provides to its valued customers.
To be the leading provider of innovative and customized insurance solutions backed by strong financial and human resources.
To achieve a global leadership in cooperative insurance industry in terms of Shareholders equity and Market Share.
Honest relations and trustworthy management Dynamic, disciplined, and outstanding performance Transparency and commitment to responsibilities Faithfulness in business and strive in achieving success, teamwork, and mutual respect.