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Thursday, November 12 - 2009

Salama appointed as first UAE-based client for Red Book

  • United Arab Emirates: Saturday, February 02 - 2008 at 16:20
  • PRESS RELEASE

Salama Islamic Arab Insurance Company, the world's largest Takaful and Re-Takaful provider, announced its partnership with Red Book Asia Pacific, a global vehicle identification and pricing authority in a recent signing ceremony.

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With this partnership, Salama Islamic Arab Insurance Company will be Red Book's first client in the United Arab Emirates.

According to Mr. Parvaiz Siddiq, General Manager, Salama Islamic Arab Insurance Company, "We are delighted to be involved with Red Book as their thorough research and comprehensive database will allow us to become much more professional in our dealings with our vehicle insurance customers and provide them with the knowledge and assurance that their vehicle is always insured with reference to prevailing market conditions".

Red Book, which is the trading name of Automotive Data Services Pty Ltd in Australia, is the pre-eminent provider of vehicle identification and pricing in Australia, New Zealand, Thailand, China, Hong Kong, Malaysia, Singapore and soon in India. It has been researching the automotive markets for over fifty years. Recently Red Book has developed an extensive database of vehicle identification and vehicle pricing specifically for the UAE.

Colin Baird, Director of Sales for Red Book added "We applaud Salama Islamic Arab Insurance for having the foresight and business acumen to see the advantages of having a professionally researched vehicle database from which to run its operations from. We know that the quality and credibility of our database is second to none and we are confident that it will bring many advantages to Salama Islamic Arab Insurance".
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About Salama Islamic Arab Insurance Company

Salama Islamic Arab Insurance Company embarked from Dubai on its quest for expansion through acquisitions and participation in a number of Takaful and Re-Takaful companies in many Arab and Islamic countries. Today Salama is the largest Takaful and Re-Takaful Group in the world with a capital of AED1.1 billion. Its financial strength can be gauged by "A-" rating that it received from AM Best and "BBB+" by S&P. Among the prominent subsidiaries of Salama, is the wholly owned Tunisia-based BEST Re which operates in 70 countries around the globe through its regional offices. Salama is also a founder and the largest shareholder in Saudi IAIC for Cooperative Insurance.

Issued by Landmark PR & Event Management.

For press information please contact:
Nasry Abou Zaki
General Manager, UAE
Tel.: +971 4 3912143

Shadi Abou Assi
Associate Account Manager
Tel.: +971 4 3912144

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