Headquartered in Dubai, United Arab Emirates, Salama is a leading provider of Shari'a-compliant (Islamic) insurance solutions. Since its establishment in 1979, Salama has been a leader in the Takaful industry, serving over 450,000 customers and offering coverage exceeding AED 10 billion. It is listed on the Dubai Financial Market and has a paid-up capital of AED 939 million (USD 255 million).
Together with its subsidiaries, Salama provides a range of general, family, health, and auto takaful solutions in Africa and Asia. SALAMA serves both individual and institutional customers in the UAE, and through its extensive network of subsidiaries and associates in Saudi Arabia, Algeria and Egypt. The company size is 201-500 employees.
Recent Leadership News
In October 2025, Islamic Arab Insurance Company (Salama) announced the appointment of Essa Ali Bin Salem Alzaabi as Chairman of the Board of Directors. Earlier in 2025, Salama appointed Mohamed Ali Bouabane as Group Chief Executive Officer, who previously served as CEO of AIG GCC & North Africa and brings over two decades of experience in the insurance sector. In Q1 2026, Salama reported record quarterly performance with net profit reaching AED 14 million, marking a major milestone in the Group's transformation journey.
Facts compiled by Executive Moves from publicly available news and press releases on 11 June 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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