Salama Islamic Arab Insurance Company (Salama), a prominent provider of Sharia-compliant Takaful solutions listed on the Dubai Financial Market, has announced the appointment of Mohamed Ali Bouabane as its new Group Chief Executive Officer (CEO), effective immediately.
With a robust paid-up capital of AED 939 million, Salama stands as one of the most established entities in the regional insurance sector. Bouabane, who previously served as CEO of AIG GCC & North Africa, brings over two decades of comprehensive expertise in the insurance industry.
Bouabane’s illustrious career has seen him operate across diverse markets, including Canada, Dubai, and Hong Kong. He has successfully led strategic transformations, bolstered market positioning, and driven operational excellence across these regions. His proficiency in risk management, digital transformation, and market expansion will play a pivotal role in enhancing Salama’s leadership within the Middle East and Africa.
His Excellency Fahad AlQassim, Chairman of Salama, expressed his enthusiasm, stating, “I am delighted to welcome Mohamed to Salama as our Group CEO. His deep industry knowledge and proven leadership make him the ideal choice to propel our ongoing success and reinforce our commitment to providing exceptional value to our customers and shareholders.”
Mohamed Ali Bouabane shared his excitement, saying, “I am honored to join Salama as the Group CEO and to lead a team committed to delivering innovative insurance solutions. I look forward to collaborating with our talented professionals to drive growth, enhance customer experience, and solidify Salama’s position as a market leader in the insurance industry.”
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