UAE: SALAMA set for growth following completion of capital restructuring

Source: Middle East Insurance Review | Jun 2026

Salama Islamic Arab Insurance Company (SALAMA) has completed its capital restructuring programme, marking the conclusion of a multi-year transformation and the re-establishment of the company’s financial strength.

SALAMA has restored its solvency position to a strong and fully compliant level in line with the requirements of the Central Bank of the UAE (CBUAE), said the company in a statement.

The restructuring programme included an AED456m ($124m) capital reduction, eliminating accumulated losses and aligning the company’s equity base with its underlying economic position.

Growth-ready

With its balance sheet reset and capital position strengthened, SALAMA says that it is now focused on delivering disciplined underwriting performance and sustainable growth. The company, which describes itself as “growth ready”, is:

Reinstating its underwriting capacity across its core business segments
Re-engaging key distribution channels, including corporate partnerships
Driving profitable growth across Life & Wealth, Health and P&C
Enhancing its claims service, operational efficiency and customer experience. M

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