SALAMA reported a net profit attributable to shareholders of AED 10.9 million for the first quarter ended March 31, 2026, successfully returning to profitability compared to a loss of AED 0.97 million in the same period of 2025. This recovery resulted in positive earnings per share of AED 0.023.
The takaful service result—a primary indicator of underwriting performance—nearly doubled to AED 14 million, driven by disciplined underwriting actions and the remediation of the General Takaful portfolio, despite a year-on-year decline in total takaful revenue to AED 229.47 million from AED 256.36 million.
The Group significantly strengthened its capital base through a AED 155 million Mandatory Convertible Sukuk subscription by Eshraq Investments PJSC and Humana Holding Limited; the subsequent conversion into shares in April 2026 increased SALAMA's paid-up share capital to AED 819.98 million.
Financial results were tempered by macro-economic volatility, specifically a 14.4% depreciation of the Egyptian Pound against the AED, which caused a non-cash translation loss recognized in other comprehensive income, although the underlying operational performance remained positive.
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