- research@naranjcapital.com
- 🇸🇦 Saudi Stock Market
- 🇺🇸 USA Stock Market
Salama Cooperative Insurance Company offers a diverse range of insurance products in Saudi Arabia and internationally, operating in segments such as Medical, Motor, and Others. Its motor insurance includes coverage for accidents, fire, towing, vandalism, theft, and medical expenses. In medical insurance, Salama provides comprehensive coverage for healthcare services, medications, chronic illnesses, and more.
The company also offers travel insurance covering personal accidents, medical expenses, lost baggage, and personal liability. Additionally, Salama provides malpractice insurance for various specialties and general insurance solutions, including engineering, liability, marine, and property insurance. Founded in 1979 and originally named Saudi IAIC Cooperative Insurance Company, it rebranded to Salama in 2012 and is headquartered in Jeddah, Saudi Arabia.
SALAMA —  TASI —
Current RSI of this stock is 74.06, which indicates the strength of buyers.
Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
MACD line has crossed the signal line from the below, generates bullish signal.
Based on our Saudi stock recommendations, Salama Cooperative Insurance stock price target will be SAR 22.5 - SAR 23 in the next 12-14 trading sessions.
Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.
Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.
Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.
If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website