Islamic Arab Insurance Company, listed as "SALAMA" on DFM, has inked a deal to come on board as the exclusive insurance partner for the ‘In-Between’ project, which is helmed by Abu Dhabi-based real estate company - The Gate properties. Under the agreement, SALAMA will act as the exclusive insurance partner for the In-Between project.
Introducing a revolutionary new design retail concept to Abu Dhabi, the In-Between project is located on the Corniche, surrounded by landmark hotels, residential and commercial districts. The project, with its 23 perfectly placed units, will bring together an eclectic mix of retail, F&B, cafes and brands, making it a hotspot for shoppers and tourists alike.
Fahim Al Shehhi, CEO of SALAMA, said: “We are delighted to come on board as the exclusive partner for the prestigious In Between project. At SALAMA, we have developed special insurance packages specifically designed to support small and medium enterprises, as part of our commitment to developing and promoting the entrepreneurial ecosystem in the UAE. This is a true testament to SALAMA being a preferred insurance partner for local brands and entrepreneurs. As the largest Takaful provider in the UAE, we are well-positioned and have the necessary experience to provide quality insurance services that meet the needs and expectations of a project of this nature.”
His Excellency Hamad Mohammed Muftah Al Shamsi, Chairman of The In Between Project, commented, “The In-between project is in line with our commitment to support local entrepreneurs and give them the opportunity to set-up their retail or F&B business in this uniquely designed space in such an attractive landmark location in the heart of the city. An innovative project of this kind not only provides opportunities for budding local entrepreneurs, but also redefines a new, stylish, and practical experience of F&B in addition to the retail services. So, it's important that we have the right partners on board to support us every step of the way on this project. Given the high standards of SALAMA's Takaful products and services, we are pleased to have them as the exclusive insurance partner for this project. This partnership will be an anchor for collaboration between both parties in the time to come."
SALAMA stands as the largest sharia'h compliant Takaful operator with 'AAA" level capital adequacy as per S&P. SALAMA remains committed to serving partners and customers while enhancing shareholder returns in 2021 and beyond.
