ABNIC names Ahmed Khalifa CEO after Central Bank clearance

Board nomination from 2 July is now cleared; start date still pending administrative arrangements.

28 September 2026

Al Buhaira National Insurance Company P.S.C. told Abu Dhabi Securities Exchange on 28 September 2026 that the Central Bank of the UAE has given its non-objection to appointing Ahmed Abdelsamie Khalifa Ahmed Hassan as chief executive officer. The board approved the nomination on 2 July 2026 subject to that clearance. As of the filing date he had not commenced his duties, and the company said it will disclose the start date once determined.

• Al Buhaira National Insurance Company said on 28 September 2026 that the Central Bank of the UAE issued a non-objection to appointing Ahmed Abdelsamie Khalifa Ahmed Hassan as chief executive officer.
• Al Buhaira’s board approved the nomination and appointment on 2 July 2026, subject to Central Bank clearance and completion of official procedures.
• As of 28 September 2026, Mr Khalifa had not commenced his duties at Al Buhaira, and the company said administrative arrangements remain under completion.
• Al Buhaira said in a 7 July 2026 update that General Manager Issam Mohamed Salim Mehdawi would continue until CEO appointment procedures were completed; he signed the 28 September disclosure.
• Al Buhaira’s filing says Mr Khalifa holds a Bachelor of Commerce from Cairo University (1993) and has more than 30 years of insurance-sector experience.

Al Buhaira National Insurance Company P.S.C. told the Abu Dhabi Securities Exchange that the Central Bank of the UAE has given its non-objection to the appointment of Mr. Ahmed Abdelsamie Khalifa Ahmed Hassan as chief executive officer.

In a disclosure dated 28 September 2026, the company said its board approved the nomination and appointment on 2 July 2026, subject to Central Bank clearance and completion of official procedures. The board resolution was conditional and did not authorise him to start work or exercise executive powers before those conditions were met.

The filing follows an earlier market update on 7 July 2026 in which Al Buhaira said General Manager Issam Mohamed Salim Mehdawi would continue in that role until CEO appointment procedures were completed.

As of 28 September 2026, Mr. Khalifa had not commenced his duties. The company said administrative arrangements needed for him to start remain under completion and that it will disclose the commencement date once determined, along with any other material developments.

The disclosure form notes that Mr. Khalifa holds a Bachelor of Commerce degree with a major in business administration from Cairo University (1993) and more than 30 years of insurance-sector experience across the UAE, Saudi Arabia, Egypt and other Middle East markets. Prior roles cited include chief executive of the insurance cluster at Contact Financial Holding (with oversight of Sarwa Insurance, Sanwa Life and Contact Insurance Brokerage), managing director and CEO of Sarwa Insurance, assistant general manager for non-marine at Orient Insurance in the UAE, and technical director at Royal & Sun Alliance in Saudi Arabia, alongside earlier posts at Allianz, AIG, Marsh and Misr Insurance.

The filing was signed by General Manager Issam Mehdawi.