Islamic Arab Insurance Co (DFM:SALAMA) Scaled Net Operating Assets : 0.13 (As of Dec. 2023)

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What is Islamic Arab Insurance Co Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Islamic Arab Insurance Co's operating assets for the quarter that ended in Dec. 2023 was د.إ3,404.1 Mil. Islamic Arab Insurance Co's operating liabilities for the quarter that ended in Dec. 2023 was د.إ2,951.7 Mil. Islamic Arab Insurance Co's Total Assets for the quarter that ended in Sep. 2023 was د.إ3,596.6 Mil. Therefore, Islamic Arab Insurance Co's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.13.

Islamic Arab Insurance Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Islamic Arab Insurance Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(3488.561	-	2951.736)	/	3573.183
=	0.15

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3613.641	-	125.08
=	3488.561

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2956.431	-	2.188	-	2.507
=	2951.736

Islamic Arab Insurance Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(3404.101	-	2951.736)	/	3596.59
=	0.13

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	3613.641	-	209.54
=	3404.101

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2956.431	-	2.188	-	2.507
=	2951.736

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Islamic Arab Insurance Co (DFM:SALAMA) Business Description

Industry

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Traded in Other Exchanges

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Address

Oud Metha, Sheikh Rashid Road, 4th Floor, Block A, P.O. Box: 10214, Spectrum Building, Dubai, ARE

Website

https://www.salama.ae

Islamic Arab Insurance Co is the Takaful (Islamic Insurance) and Re-Takaful insurance company. The Dubai-based company aims to provide Sharia-compliant Takaful solutions to customers. It offers insurance to both institutional and individual customers. It offers family takaful solutions, including whole life, term, savings, and investment plans; and auto takaful solutions, such as motor comprehensive, motor third party liability, and vehicle export insurance products. It also provides general takaful solutions, which include fire and allied perils, property all risk; travel insurance products; engineering insurance products; marine insurance products; public liability insurance products; accident insurance products. In addition, it offers group health plans; and reinsurance products.