SALAMA

Islamic Arab Insurance Co. (Salama)

SALAMAStocksDubai Financial MarketInsurance

Financials

1-5

	CurrentMar 10, 2026	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Market & Price
Market Capitalization	0.49B	0.38B	0.51B	0.63B	0.90B
Market Cap Growth	+33.5%	-24.5%	-19.6%	-30.2%	-10.0%
Enterprise Value	364.99M	333.75M	484.06M	538.77M	941.87M
Last Close Price	0.53	0.42	0.55	0.68	0.95
Valuation Multiples
PE Ratio	106.80	29.25	—	33.40	22.58
PS Ratio	0.46	0.35	0.43	0.67	1.25
PB Ratio	1.37	1.15	1.38	0.77	1.07
P/TBV Ratio	2.11	1.77	2.19	1.00	1.39
P/FCF Ratio	—	—	4.98	—	2.82
P/OCF Ratio	—	—	4.96	—	2.80
EV/Sales Ratio	0.34	0.30	0.41	0.57	1.30
EV/EBITDA Ratio	—	5.92	—	10.25	15.71
EV/EBIT Ratio	—	6.26	—	10.92	16.51
EV/FCF Ratio	-6.12	—	4.75	—	2.93
Leverage & Capital
Debt / Equity Ratio	0.01	0.02	0.01	0.01	0.04
Debt / EBITDA Ratio	0.15	0.11	—	0.16	0.47
Debt / FCF Ratio	—	—	0.05	—	0.09
Net Debt / Equity Ratio	-0.43	-0.43	-0.38	-0.15	-0.09
Net Debt / EBITDA Ratio	-4.93	-2.56	2.31	-2.37	-1.25
Net Debt / FCF Ratio	0.91	1.78	-1.39	0.20	-0.23
Efficiency & Liquidity
Asset Turnover	0.24	0.33	0.34	0.23	0.16
Quick Ratio	0.35	0.64	0.73	0.80	0.28
Current Ratio	1.57	3.26	2.76	2.57	0.99
Returns & Yields
Return on Equity (ROE)	+1.0%	+7.0%	-23.5%	+4.3%	+5.5%
Return on Assets (ROA)	+0.5%	+1.0%	-1.2%	+0.7%	+0.8%
Return on Invested Capital (ROIC)	+3.6%	+10.0%	-10.6%	+4.7%	+5.3%
Earnings Yield	+0.8%	+3.4%	-31.2%	+3.0%	+4.4%
FCF Yield	-12.1%	-21.1%	+20.1%	-98.9%	+35.5%
Dividend Yield	—	—	—	—	+5.2%
Payout Ratio	—	—	—	+125.7%	+244.8%
Buyback Yield / Dilution	0.0%	+6.1%	-6.5%	—	0.0%
Total Shareholder Return	0.0%	+6.1%	-6.5%	—	+5.2%

1-5

	CurrentMar 10, 2026	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Market & Price
Market Capitalization	0.49B	0.38B	0.51B	0.63B	0.90B
Market Cap Growth	+33.5%	-24.5%	-19.6%	-30.2%	-10.0%
Enterprise Value	364.99M	333.75M	484.06M	538.77M	941.87M
Last Close Price	0.53	0.42	0.55	0.68	0.95
Valuation Multiples
PE Ratio	106.80	29.25	—	33.40	22.58
PS Ratio	0.46	0.35	0.43	0.67	1.25
PB Ratio	1.37	1.15	1.38	0.77	1.07
P/TBV Ratio	2.11	1.77	2.19	1.00	1.39
P/FCF Ratio	—	—	4.98	—	2.82
P/OCF Ratio	—	—	4.96	—	2.80
EV/Sales Ratio	0.34	0.30	0.41	0.57	1.30
EV/EBITDA Ratio	—	5.92	—	10.25	15.71
EV/EBIT Ratio	—	6.26	—	10.92	16.51
EV/FCF Ratio	-6.12	—	4.75	—	2.93
Leverage & Capital
Debt / Equity Ratio	0.01	0.02	0.01	0.01	0.04
Debt / EBITDA Ratio	0.15	0.11	—	0.16	0.47
Debt / FCF Ratio	—	—	0.05	—	0.09
Net Debt / Equity Ratio	-0.43	-0.43	-0.38	-0.15	-0.09
Net Debt / EBITDA Ratio	-4.93	-2.56	2.31	-2.37	-1.25
Net Debt / FCF Ratio	0.91	1.78	-1.39	0.20	-0.23
Efficiency & Liquidity
Asset Turnover	0.24	0.33	0.34	0.23	0.16
Quick Ratio	0.35	0.64	0.73	0.80	0.28
Current Ratio	1.57	3.26	2.76	2.57	0.99
Returns & Yields
Return on Equity (ROE)	+1.0%	+7.0%	-23.5%	+4.3%	+5.5%
Return on Assets (ROA)	+0.5%	+1.0%	-1.2%	+0.7%	+0.8%
Return on Invested Capital (ROIC)	+3.6%	+10.0%	-10.6%	+4.7%	+5.3%
Earnings Yield	+0.8%	+3.4%	-31.2%	+3.0%	+4.4%
FCF Yield	-12.1%	-21.1%	+20.1%	-98.9%	+35.5%
Dividend Yield	—	—	—	—	+5.2%
Payout Ratio	—	—	—	+125.7%	+244.8%
Buyback Yield / Dilution	0.0%	+6.1%	-6.5%	—	0.0%
Total Shareholder Return	0.0%	+6.1%	-6.5%	—	+5.2%