Regional insurer Salama Islamic Arab Insurance Company (Salama) has appointed Mohamed Ali Bouabane as its new Group Chief Executive Officer (CEO), effective immediately.
Salama is one of the longest-established Sharia-compliant Takaful solutions providers listed on the Dubai Financial Market, with a paid-up capital of AED 939 million.
Previously, Bouabane was the CEO of AIG GCC & North Africa, and brings extensive experience in the insurance sector that spans over two decades.
Bouabane has worked across Canada, Dubai, and Hong Kong, leading strategic transformations, strengthened market positioning, and driven operational excellence across multiple regions.
He also has expertise in risk management, digital transformation, and market expansion will be “instrumental in advancing Salama’s leadership in the Middle East and Africa.”
His Excellency Fahad AlQassim, Chairman of Salama, commented, “I am delighted to welcome Mohamed to Salama as Group CEO. His deep industry knowledge and leadership track record make him the ideal choice to drive our continued success and strengthen our commitment to delivering exceptional value to our customers and shareholders.”
Bouabane added, “I am honoured to join Salama as Group CEO and lead a team dedicated to delivering innovative insurance solutions.
“I look forward to working with our talented professionals to drive growth, enhance customer experience, and reinforce Salama’s position as a market leader in the insurance industry.”
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