The eroded root of the late Proterozoic Salma caldera crops out in a striking, roughly elliptical feature, about 27 km long and 22 km wide, near the northeastern edge of the Arabian Shield. The caldera is genetically part of an elongate alkalic granitic massif (Jabal Salma) that extends 35 km from the caldera to the southwest. Comenditic ash flow tuff and lava(?) of the caldera fill, probably more than 1 km thick, are the oldest recognized rocks of the caldera complex. These rocks were erupted during caldera collapse associated with the rapid evacuation of the upper, mildly peralkalic part of a zoned magma reservoir. Within the caldera fill, a massive, lithic‐rich intracaldera rhyolite, probably a lava in excess of 1 km thick, is overlain by a layered ash flow sequence. Numerous megabreccia blocks, probably derived from the caldera wall, occur in the massive rhyolite. Open folds in the layered volcanic rocks may be due to high‐temperature slumping of the rocks toward the center of the caldera following collapse. Later peralkalic granite that intruded the caldera ring fracture zone occurs in an arcuate pattern outside the area of exposed caldera fill. After caldera collapse, metaluminous to peraluminous magma rose beneath the caldera at approximately 580 Ma and solidified as biotite alkali granite, rim syenogranite, and late, high‐level granophyre. Rare earth element abundances indicate that the layered rhyolite tuff, peralkalic granite, and granophyre are chemically more evolved than the biotite alkali granite and rim syenogranite. The granophyre intruded the caldera fill as a dome‐shaped body composed of numerous sheetlike masses. Granophyric texture resulted from rapid pressure release and quenching accompanying the intrusion of each sheet. Maximum penetration of the granophyre into overlying rocks occurred in the central region and along the west side of the caldera, where the caldera fill volcanic rocks have been removed by erosion. No apparent structural doming of the exposed volcanic rocks along the east side of the caldera took place; the layered ash flows commonly dip steeply toward the center of the caldera. Postemplacement deformation and metamorphism of the caldera are minimal. Small‐displacement strike‐slip faults cut the complex, which is tilted to the northeast by no more than about 2°.