SALAMA Elects New Board Members for Strategic Growth
Islamic Arab Insurance Company (SALAMA) announces the election of new board members, signaling a strategic shift towards growth and innovation.
Summary
SALAMA has elected five new board members to guide the company through its current term, ending in April 2026, with a focus on strategic growth and innovation.
The Islamic Arab Insurance Company, widely known as SALAMA, has recently announced the election of five new board members following its General Assembly Meeting held on October 6, 2025. This strategic move, approved by the Central Bank of the United Arab Emirates, marks a significant step in the company's journey towards growth and innovation.
SALAMA, a leading provider of Shari’a-compliant insurance solutions, operates across various branches in the UAE, offering both general and family takaful services. The election of the new board members is a pivotal moment for the company, as it seeks to strengthen its governance and strategic direction.
The newly elected board members, Mr. Rashed Mohammed Ali Abdulrahman, Mr. Buti Abdulla Mohammed Aljumairi, Mr. Essa Ali Bin Salem Bin Hassim Alzaabi, Mr. Umair Nizami Zulfiqar Ali, and Mr. Parvaiz Siddiq, bring a wealth of experience and expertise to the table. Their diverse backgrounds and deep understanding of the financial and insurance sectors are expected to drive SALAMA's future initiatives and enhance its competitive edge in the market.
With the new board in place, SALAMA is poised to explore new opportunities and expand its offerings in the takaful industry. The company's commitment to adhering to Islamic Shari’a principles while delivering innovative insurance products positions it uniquely in the market. As the demand for ethical and Shari’a-compliant financial products grows, SALAMA is well-equipped to meet the needs of its clients and stakeholders.
The election of the new board members comes at a time when the global insurance industry is undergoing significant transformations, driven by technological advancements and changing consumer preferences. SALAMA's proactive approach in strengthening its leadership reflects its readiness to adapt and thrive in this dynamic landscape.
Investors and stakeholders are optimistic about SALAMA's future prospects, given its strategic focus on innovation, customer-centric solutions, and robust governance. The company's ability to navigate the complexities of the insurance market while maintaining its commitment to Islamic principles is a testament to its resilience and forward-thinking approach.
In conclusion, the election of the new board members is a positive development for SALAMA, signaling a renewed focus on strategic growth and innovation. Investors are encouraged to consider the company's strong market position and potential for future expansion. Therefore, it is advisable to hold your investment in SALAMA as the company embarks on this promising new chapter.
Source
Summary
The Islamic Arab Insurance Company, known as SALAMA, held a General Assembly Meeting on October 6, 2025. Following approval from the Central Bank of the United Arab Emirates on October 16, 2025, five new members were elected to the Board of Directors through cumulative voting by secret ballot. These members will fill the vacant seats for the remainder of the current term, which ends in April 2026. The elected board members are Mr. Rashed Mohammed Ali Abdulrahman, Mr. Buti Abdulla Mohammed Aljumairi, Mr. Essa Ali Bin Salem Bin Hassim Alzaabi, Mr. Umair Nizami Zulfiqar Ali, and Mr. Parvaiz Siddiq.
