Dubai-listed Islamic Arab Insurance Company (SALAMA) announced that its shareholders have approved, at the General Assembly Meeting held on 30 January 2026, the participation of strategic investors in the company's Mandatory Convertible Sukuk (MCS) issuance.
The approval represents a key milestone in SALAMA’s ongoing recapitalisation and multi-year strategy to transform and grow the business into a national champion.
The approved strategic participants are:
-
Eshraq Investments, a public joint stock company incorporated in the Emirate of Abu Dhabi and listed on the Abu Dhabi Securities Exchange; and
-
Humana Holding, a private investment holding company incorporated under the laws of the Abu Dhabi Global Market.
SALAMA Chairman Essa Ali Bin Salem Alzaabi said in a statement, “The participation of Eshraq Investments and Humana Holding in SALAMA’s Mandatory Convertible Sukuk represents a significant vote of confidence in our strategy and future direction. These are long-term strategic investors who share our vision of building a resilient and competitive insurance group, rooted in Dubai and serving the wider region. Their support strengthens our capital base and enables continued investment in talent, infrastructure, governance, and market presence to deliver sustainable value for all stakeholders.”
The resolution follows the shareholders’ circular issued on 19 September 2025 and the General Assembly Meeting held on 16 October 2025, which approved the broader capital restructuring framework underpinning SALAMA’s turnaround and long-term growth plan.