DUBAI, United Arab Emirates — April 7, 2025 — Salama Islamic Arab Insurance Company (DFM: SALAMA), a leading provider of Shariah-compliant Takaful solutions, has appointed Mohamed Ali Bouabane as its new Group Chief Executive Officer, marking a significant leadership shift aimed at accelerating digital innovation and regional growth.
Bouabane, a seasoned insurance executive, previously served as CEO of AIG’s GCC and North Africa operations. His appointment comes as Salama looks to strengthen its market leadership in the Middle East and Africa through enhanced risk management, customer experience, and technological advancement.
With over two decades of experience in the insurance sector across Canada, Dubai, and Hong Kong, Bouabane has built a track record of driving strategic transformation and operational excellence across multinational environments.
“Mohamed’s deep industry knowledge and proven leadership make him the ideal choice to lead Salama into its next phase,” said His Excellency Fahad AlQassim, Chairman of Salama. “We are confident in his ability to deliver long-term value for our shareholders while advancing our mission of customer-centric, Shariah-compliant insurance.”
Bouabane expressed enthusiasm about joining the company at a pivotal time.
“I am honoured to take on this role and to lead a passionate team committed to delivering innovative, ethical insurance solutions,” he said. “Together, we will build on Salama’s strong foundation and chart new paths for growth across our key markets.”
The appointment is effective immediately, as Salama continues to scale its presence in the UAE and key markets such as Egypt and Algeria.
About Salama
Founded in 1979, Salama Islamic Arab Insurance Company is one of the world’s largest and longest-standing Takaful providers, listed on the Dubai Financial Market with a paid-up capital of AED 939 million. The company offers a diverse portfolio of family, motor, general, and health Takaful products across the UAE and North Africa, serving both individuals and corporates.
Salama’s legacy of trust and innovation has earned it numerous industry accolades, and it remains committed to upholding the principles of ethical insurance while shaping the future of Takaful in the region.
