Press release regarding financial results for the 1st QTR of 2026

SALAMA achieved a record net profit of AED 14 million for Q1 2026, a significant turnaround from the AED 0.4 million reported in Q1 2025, driven by a strategic transformation program focused on sustainable profitability.
Insurance revenue stood at AED 229.5 million compared to AED 256.4 million in the prior year, reflecting a deliberate shift toward disciplined underwriting and portfolio optimization over high-volume, low-margin premium growth.
The Group’s solvency ratio surged to 159% from 76% at year-end 2025 following a successful capital raise, while shareholders' equity grew 40% to AED 505 million, significantly reinforcing the company's regulatory capital base.
Performance was bolstered by the UAE business delivering its first positive net underwriting result since Q2 2022, alongside strong operational resilience and investment income from subsidiaries in Algeria and Egypt.