Islamic Arab Insurance Co (Salama) PJSC 2023 IR
The report highlights SALAMA's financial and sustainability performance for the fiscal year 2023, during which the company recorded a 20% growth in insurance revenue to reach AED 1.11 billion. Despite a net loss due to goodwill impairment and legacy claims, the company appointed a new CEO, Walter Jopp, to lead its digital transformation and product diversification. On the sustainability front, SALAMA reduced its total greenhouse gas emissions by nearly 19% and total energy consumption by approximately 20% through operational efficiencies. Additionally, the company increased its Emiratization rate to 10.9% and expanded its community support by maintaining its Participating Insurer status to provide affordable health insurance.
Company: Islamic Arab Insurance Co (Salama) PJSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2023
Type: IR
Pages: 200
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Islamic Arab Insurance Co (Salama) PJSC
Integrated Report
The report highlights SALAMA's financial and sustainability performance for the fiscal year 2023, during which the company recorded a 20% growth in insurance revenue to reach AED 1.11 billion. Despite a net loss due to goodwill impairment and legacy claims, the company appointed a new CEO, Walter Jopp, to lead its digital transformation and product diversification. On the sustainability front, SALAMA reduced its total greenhouse gas emissions by nearly 19% and total energy consumption by approximately 20% through operational efficiencies. Additionally, the company increased its Emiratization rate to 10.9% and expanded its community support by maintaining its Participating Insurer status to provide affordable health insurance.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Net Zero Target
Employees