Salama Cooperative Insurance Company provides insurance products and services in the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Alegria, Senegal, Malaysia, and Egypt. It operates through Medical, Motor, and Others segments. The company offers motor insurance products, including comprehensive, third party, and corporate insurance products that cover accidents, fire, towing, malicious, and theft, as well as estimation and medical expenses; medical insurance, such as Sme Raha and corporate insurance products that cover care type, medicines, chronic diseases, vaccinations, maternity and neonatal, physiotherapy, ophthalmology, dental care, oncology, and CCHI expenses. It also provides travel insurance comprising personal accident, medical expenses, repatriation of mortal, lost baggage, passport loss, cash loss, personal liability, and accidental death insurance; and malpractice insurance for specialties, flexible, and medical facilities coverage. In addition, the company offers general insurance coverage products, such as engineering, liability, marine, property, and general accident insurance. The company was formerly known as Saudi IAIC Cooperative Insurance Company and changed its name to Salama Cooperative Insurance Company in 2012. Salama Cooperative Insurance Company was founded in 1979 and is based in Jeddah, the Kingdom of Saudi Arabia.
Metrics to compare | 8050 | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship Relationship8050PeersSector | |
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P/E Ratio | 10.3x | 17.4x | 8.9x | |
PEG Ratio | −0.16 | −0.09 | 0.03 | |
Price/Book | 1.2x | 1.4x | 1.0x | |
Price / LTM Sales | 0.4x | 1.0x | 2.7x | |
Upside (Analyst Target) | - | 30.6% | 17.6% | |
Fair Value Upside | Unlock | 18.7% | 3.5% | Unlock |