The Islamic Arab Insurance Company (SALAMA) has announced the elections of His Excellency Humaid Mohammad Obaid Alqutami and Mr Fareed Lutfi Al Harmouzi to its Board of Directors, effective 2 July 2026.
His Excellency Humaid Mohammad Obaid Alqutami has been elected Chairman, and Mr Al Harmouzi as Vice Chairman.
The company also approved the restructuring of its Board Committees, including the Audit Committee, Risk Committee, Nomination and Remuneration Committee and Investment Committee.
His Excellency Humaid Mohammad Obaid Alqutami brings extensive leadership experience across government, healthcare, education and financial services. Throughout his distinguished career, he has held several senior leadership positions, including UAE Minister of Health, UAE Minister of Education, Chairman of the Federal Authority for Government Human Resources, Director General of the Dubai Health Authority and Chairman of Commercial Bank of Dubai.
He previously served as a member of the Executive Council of the Government of Dubai and brings extensive expertise in corporate governance, strategic leadership and institutional oversight.
Mr Al Harmouzi brings more than three decades of leadership experience across the insurance and financial services sectors. Throughout his career, he has held senior leadership positions including CEO of Alliance Insurance, President of Dubai Insurance Group and Managing Director of Dubai Financial Group (Insurance), as well as leadership roles within Dubai Holding and DIFC-related entities.
He currently serves as Secretary General of the Emirates Insurance Federation and the Gulf Insurance Federation and is a Member of the Chartered Insurance Institute (UK), bringing extensive insurance, governance and industry leadership expertise to SALAMA’s Board.
His Excellency Humaid Mohammad Obaid Alqutami succeeds Mr Essa Ali Bin Salem Alzaabi, who served as Chairman during the successful completion of SALAMA’s capital restructuring and the continued execution of its strategic priorities.