SALAMA

Islamic Arab Insurance Co. (Salama)

SALAMAStocksDubai Financial MarketInsurance

Financials

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	0.62B	0.37B	0.38B	0.51B	0.63B
Market Cap Growth	+77.3%	-3.4%	-24.5%	-19.6%	-30.2%
Enterprise Value	403.75M	273.34M	333.75M	484.06M	538.77M
Last Close Price	0.76	0.77	0.79	1.05	1.31
Valuation Multiples
PE Ratio	23.02	92.18	29.25	—	33.40
PS Ratio	0.65	0.35	0.35	0.43	0.67
PB Ratio	1.23	1.03	1.15	1.38	0.77
P/TBV Ratio	1.62	1.59	1.77	2.19	1.00
P/FCF Ratio	—	—	—	4.98	—
P/OCF Ratio	—	—	—	4.96	—
EV/Sales Ratio	0.43	0.26	0.31	0.41	0.57
EV/EBITDA Ratio	13.71	16.01	10.06	—	10.25
EV/EBIT Ratio	16.47	19.73	11.09	—	10.92
EV/FCF Ratio	—	—	—	4.75	—
Leverage & Capital
Debt / Equity Ratio	0.01	0.02	0.02	0.01	0.01
Debt / EBITDA Ratio	0.18	0.32	0.17	—	0.16
Debt / FCF Ratio	—	—	—	0.05	—
Net Debt / Equity Ratio	-0.54	-0.53	-0.43	-0.38	-0.15
Net Debt / EBITDA Ratio	-9.87	-11.10	-4.35	2.31	-2.37
Net Debt / FCF Ratio	1.64	3.18	1.79	-1.39	0.20
Efficiency & Liquidity
Asset Turnover	0.30	0.32	0.33	0.34	0.23
Quick Ratio	0.53	0.74	0.64	0.73	0.80
Current Ratio	1.75	3.18	3.26	2.76	2.57
Returns & Yields
Return on Equity (ROE)	+5.9%	+3.2%	+7.0%	-23.5%	+4.3%
Return on Assets (ROA)	+0.5%	+0.3%	+0.6%	-1.2%	+0.7%
Return on Invested Capital (ROIC)	+4.4%	+2.6%	+5.7%	-10.6%	+4.7%
Earnings Yield	+2.6%	+1.1%	+3.4%	-31.2%	+3.0%
FCF Yield	-26.8%	-16.1%	-21.1%	+20.1%	-98.9%
Dividend Yield	—	—	—	—	—
Payout Ratio	—	—	—	—	+125.7%
Buyback Yield / Dilution	0.0%	0.0%	+6.1%	-6.5%	—
Total Shareholder Return	0.0%	0.0%	+6.1%	-6.5%	—

1-5

	CurrentMar 10, 2026	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Market & Price
Market Capitalization	0.62B	0.37B	0.38B	0.51B	0.63B
Market Cap Growth	+77.3%	-3.4%	-24.5%	-19.6%	-30.2%
Enterprise Value	403.75M	273.34M	333.75M	484.06M	538.77M
Last Close Price	0.76	0.77	0.79	1.05	1.31
Valuation Multiples
PE Ratio	23.02	92.18	29.25	—	33.40
PS Ratio	0.65	0.35	0.35	0.43	0.67
PB Ratio	1.23	1.03	1.15	1.38	0.77
P/TBV Ratio	1.62	1.59	1.77	2.19	1.00
P/FCF Ratio	—	—	—	4.98	—
P/OCF Ratio	—	—	—	4.96	—
EV/Sales Ratio	0.43	0.26	0.31	0.41	0.57
EV/EBITDA Ratio	13.71	16.01	10.06	—	10.25
EV/EBIT Ratio	16.47	19.73	11.09	—	10.92
EV/FCF Ratio	—	—	—	4.75	—
Leverage & Capital
Debt / Equity Ratio	0.01	0.02	0.02	0.01	0.01
Debt / EBITDA Ratio	0.18	0.32	0.17	—	0.16
Debt / FCF Ratio	—	—	—	0.05	—
Net Debt / Equity Ratio	-0.54	-0.53	-0.43	-0.38	-0.15
Net Debt / EBITDA Ratio	-9.87	-11.10	-4.35	2.31	-2.37
Net Debt / FCF Ratio	1.64	3.18	1.79	-1.39	0.20
Efficiency & Liquidity
Asset Turnover	0.30	0.32	0.33	0.34	0.23
Quick Ratio	0.53	0.74	0.64	0.73	0.80
Current Ratio	1.75	3.18	3.26	2.76	2.57
Returns & Yields
Return on Equity (ROE)	+5.9%	+3.2%	+7.0%	-23.5%	+4.3%
Return on Assets (ROA)	+0.5%	+0.3%	+0.6%	-1.2%	+0.7%
Return on Invested Capital (ROIC)	+4.4%	+2.6%	+5.7%	-10.6%	+4.7%
Earnings Yield	+2.6%	+1.1%	+3.4%	-31.2%	+3.0%
FCF Yield	-26.8%	-16.1%	-21.1%	+20.1%	-98.9%
Dividend Yield	—	—	—	—	—
Payout Ratio	—	—	—	—	+125.7%
Buyback Yield / Dilution	0.0%	0.0%	+6.1%	-6.5%	—
Total Shareholder Return	0.0%	0.0%	+6.1%	-6.5%	—