Mohamed Ali Bouabane

Overview

Mohamed Ali Bouabane was appointed Group Chief Executive Officer of Salama Islamic Arab Insurance Company in April 2025. He brings extensive insurance sector experience spanning over two decades across Canada, Dubai, and Hong Kong, positioning him to lead Salama's expansion and digital innovation initiatives.

Career History

• Group Chief Executive Officer, Salama Islamic Arab Insurance (2025–present)
• Chief Executive Officer, AIG GCC & North Africa
• Asia Pacific Leader for Accident & Health, Travel and Service Programs at AIG
• Leadership roles across Middle East, Africa, Central Asia, Eastern Europe and Asia Pacific at AIG
• Health Insurance Manager, Blue Cross Blue Shield in Canada

Education & Background

Bouabane holds an Applied Physics Degree from André-Laurendeau College in Montreal, Canada. He began his insurance career with Blue Cross Blue Shield in Canada before joining AIG in 2007.

Expertise & Notable Achievements

His expertise spans risk management, digital transformation, and market expansion. At Salama, Bouabane led the company to record Q1 2026 results with AED 14 million in profit and solvency restoration to 159%. He oversaw completion of Salama's multi-year transformation program, resolving over AED 420 million in legacy exposures and restoring financial strength.

What Bouabane Could Bring to Salama

With his background leading AIG's multi-country operations across the GCC, North Africa, and Asia-Pacific, Bouabane brings proven expertise in scaling regional insurance operations and executing digital transformation strategies. His track record of strategic repositioning, combined with his technical grounding and experience managing both direct and reinsurance businesses across diverse markets, positions him to drive Salama's market leadership in Islamic insurance solutions and sustainable profitability initiatives in the MENA region.