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UAE: Salama records over $2.17mln net profits in Q1-23

Islamic Arab Insurance Company (Salama) registered net profits after tax worth AED 8.03 million in the first quarter (Q1) of 2023, a growth from AED 7.66 million in Q1-22.

The basic and diluted earnings per share (EPS) edged up to AED 0.004 at the end of March 2023, compared to AED 0.003 in the same period a year ago.

Salama’s insurance revenue soared by 18% to AED 265.23 million during January-March 2023 from AED 224.51 million in the corresponding three months (3M) in 2022, according to the financial results.

Link:  https://www.zawya.com/en/markets/equities/uae-salama-records-over-217mln-net-profits-in-q1-23-gxcyr9lt

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