Salama appoints AIG veteran Mohamed Ali Bouabane as Group CEO

Core Insights - Salama has appointed Mohamed Ali Bouabane as the new Group Chief Executive Officer, aiming to enhance its growth and digital transformation strategy [1][2][3] - Bouabane brings over two decades of experience in the insurance sector, having previously served as CEO of AIG GCC & North Africa, which positions him well to lead Salama's expansion efforts [2][3] - The company emphasizes its commitment to delivering innovative insurance solutions and enhancing customer experience under Bouabane's leadership [3] Company Overview - Salama Islamic Arab Insurance Company is one of the largest Shariah-compliant Takaful providers, listed on the Dubai Financial Market, with a paid-up capital of AED 939 million [4] - Established in 1979, Salama has been a pioneer in the Takaful industry, recognized for its customer-centric approach and diverse range of Takaful solutions [5] - The company offers competitive family, motor, general, and health Takaful solutions, catering to individual and corporate customers in the UAE, Egypt, and Algeria [5]