SALAMA turns profitable in Q4
Islamic Arab Insurance Company (SALAMA) swung to profits in the fourth quarter of 2016, according to a bourse filing. The company reported net profits of AED47.25 million (USD12.86 million) in Q4-16, against losses of AED83.64 million (USD22.77 million) in Q4-15. In 2016, losses rose 10.5 percent to AED179.9 million from AED162.8 million in 2015.
