In a significant development for the Islamic Arab Insurance Company (SALAMA), the company has announced that it has secured shareholder approval for strategic investor participation in its Mandatory Convertible Sukuk issuance. This move aims to reinforce SALAMA's capital strength and align with its long-term growth strategy. The approval, granted at the General Assembly Meeting on January 30, 2026, represents a pivotal moment in SALAMA's ongoing efforts to transform into a leading national insurance champion headquartered in Dubai.

The strategic investors participating in this issuance are Eshraq Investments PJSC and Humana Holding Limited. Eshraq Investments, a public joint stock company listed on the Abu Dhabi Securities Exchange, and Humana Holding, a private investment holding company, have each committed to subscribing for a maximum amount of AED 175,000,000. This participation underscores the strong institutional confidence in SALAMA's transformation journey and long-term vision.

The capital raised from this issuance is expected to support SALAMA's investment in talent, new technologies, infrastructure, brand development, distribution, and selective future mergers and acquisitions. This strategic capital infusion is poised to enhance SALAMA's ability to deliver customer and operational excellence while pursuing sustainable growth and strategic expansion.

Essa Ali Bin Salem Alzaabi, Chairman of SALAMA's Board, expressed optimism about the participation of Eshraq Investments and Humana Holding, noting that it reflects a significant vote of confidence in SALAMA's strategy and future direction. These investors share SALAMA's vision of building a strong, well-capitalized, and nationally anchored insurance platform with a focus on sustainable growth.

Given the strategic nature of this development and the strong backing from reputable investors, it is advisable for stakeholders to hold their investments in SALAMA. The company's commitment to transformation and growth, supported by this strategic capital, positions it well for future successes in the competitive insurance market.