SALAMA consolidates its holding in BEST-Re

Notes and media contacts

For further information, contact:
Kelly Smith, Account Director, MCS/Action
Tel: +971 4 369 3495

About BEST-Re Company
BEST-Re, established in 1985 as the first private re-insurer in North Africa, chose Tunisia for its base in view of the financial regulations favouring the emergence of a regional financial zone.

BEST-Re has now operations in more than 60 countries in the insurance markets of Africa, Asia, the Middle East and the Mediterranean, where it seeks to be a regional re-insurer closely involved in its markets.

BEST-Re's main objective is to be an organisation adapted to ceding companies' needs. It has opted for an underwriting policy limited to developing markets and emerging countries whilst favouring the establishment of a prudent accounting procedure

About SALAMA Islamic Arab Insurance Company
SALAMA Islamic Arab Insurance Company is a leading provider of Shari'ah compliant insurance solutions (Takaful) around the world. Right from our incorporation in 1979 in Dubai we have been pioneers in the Takaful industry to our present day distinction as the world's largest Takaful and Re-Takaful company, through out the success we have experienced we have remained true to our values and principles.

Our vision is to provide Shari'ah compliant Takaful solutions of the highest standard to customers around the world. Therefore our every endeavour over the last 27 years has given us the solid reputation of providing the most competitive and diverse portfolio of Takaful solutions.

Our stability and success can be attributed to our strategy of focusing on core business areas. SALAMA has a paid-up capital of AED 1.1 billion (US$ 300 million) and is listed in the Dubai Financial Market. Best Re, our Tunis-based operation, is the world's largest Re-Takaful company operating in more than 60 countries and has been rated "BBB" by Standard & Poor's and "B++" by A.M. Best.

We serve both individual and institutional customers through our extensive global network. At present, we have 6 direct Takaful companies who provide solutions to customers in the UAE, Saudi Arabia, Egypt, Senegal, Algeria and Jordan. We plan to expand our geographical reach in the near future to cover all the GCC states, South East Asia and eventually Europe, in order to offer innovative Shari'ah compliant solutions.

At SALAMA, we currently offer you reliable financial protection through our Property, Casualty, Medical and Health Takaful solutions. To cater to your growing needs, we will soon be unveiling a new range of Life Takaful solutions.