Islamic Arab Insurance Company Announces Candidates for Board of Directors Vacancies
Islamic Arab Insurance Company (Salama), a leading provider of Takaful insurance in the UAE, has announced the list of candidates vying for two vacant positions on its Board of Directors.
Summary
Islamic Arab Insurance Company (Salama) has disclosed the names of five candidates for the two vacant positions on its Board of Directors. This move is expected to strengthen the company's governance and strategic direction.
Islamic Arab Insurance Company (Salama), a prominent Takaful insurance provider in the United Arab Emirates, has recently announced the list of candidates for the two vacant positions on its Board of Directors. This announcement comes as part of the company's ongoing efforts to enhance its governance and strategic direction.
The candidates for the vacant positions are:
- Mr. Fahad Abdulqader Qassim Abdulla Alqassim (Independent/Non-Executive)
- Mr. Ammar Ali Mohamed Jaber (Independent/Non-Executive)
- Mr. Helal Mohamed Shabeeb Mohamed Aldaheri (Independent/Non-Executive)
- Mr. Abdulla Abdulnabi Abdulla Salman Alnuaimi (Independent/Non-Executive)
- Mr. Adel Saleh Mohamad Abdallah Al Ali (Independent/Non-Executive)
All candidates are of Emirati nationality and bring a wealth of experience and expertise to the table. Their inclusion in the Board of Directors is expected to drive Salama's growth and reinforce its commitment to adhering to Islamic Shari’a principles.
Salama has been a cornerstone in the UAE's Takaful insurance market, offering a range of products that cater to both general and family Takaful needs. The company has consistently demonstrated robust performance, supported by a market cap of AED 375,835,599. With the new appointments, Salama aims to further solidify its market position and enhance shareholder value.
In light of these developments, investors should keep a close watch on Salama's stock. The addition of experienced and independent board members is likely to have a positive impact on the company's governance and strategic initiatives. Given the company's strong market presence and the promising future outlook, it may be a good time to consider investing in Salama.
Source
Summary
The document is a formal communication dated July 19, 2023, addressed to H.E Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The subject of the letter is the list of candidates for filling two vacant positions on the company's Board of Directors. The letter informs that complete applications have been received from the following candidates, all of whom are UAE nationals and are applying as Independent/Non-Executive members: 1. Mr. Fahad Abdulqader Qassim Abdulla Alqassim 2. Mr. Ammar Ali Mohamed Jaber 3. Mr. Helal Mohamed Shabeeb Mohamed Aldaheri 4. Mr. Abdulla Abdulnabi Abdulla Salman Alnuaimi 5. Mr. Adel Saleh Mohamad Abdallah Al Ali
