13 June 2012

Saudi IAIC Cooperative Insurance Co. (SALAMA) said it has received the Saudi Arabian Monetary Agency's (SAMA) approval to rebrand the company name as "SALAMA Cooperative Insurance Company"

The name shall be amended after completing the required remaining formalities.

SALAMA has a market capitalisation of SAR369 million and its Takaful products cover motor, general, marine, engineering and aviation, and health for corporate and individuals

Source: www.meinsurancereview.com