Salama, the prominent regional insurer based in Dubai, has announced the appointment of Mohamed Ali Bouabane as its new Group CEO. This decision comes as the company continues its journey to strengthen its position as a leader in the takaful insurance sector. The appointment is effective immediately, signaling a new chapter of growth and digital transformation for Salama.
Bouabane, who previously served as CEO of AIG GCC & North Africa, brings a wealth of experience to Salama, spanning over two decades across regions like Canada, Dubai, and Hong Kong. His leadership has been marked by strategic transformations, operational improvements, and significant market growth. As Salama embarks on the next phase of its journey, Bouabane’s expertise in digital innovation, risk management, and market expansion will play a key role in enhancing the company’s presence across the Middle East and Africa.
Fahad AlQassim, Chairman of Salama, expressed confidence in Bouabane’s leadership, stating, “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.”
Founded in 1979, Salama is one of the largest and most established providers of Shariah-compliant takaful insurance solutions globally. Listed on the Dubai Financial Market, Salama boasts a paid-up capital of AED 939 million ($256 million) and serves both individual and corporate clients in the UAE, Egypt, and Algeria, through a wide network of subsidiaries and associates.
As Bouabane steps into his new role, Salama is poised to build on its strong foundation and continue its mission to deliver innovative insurance solutions to its customers while expanding its influence in the region.
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