Al Wathba Insurance appoints Shukri Almheiri as new Chief Executive Officer

In his new role, Almheiri brings over three decades of leadership experience across insurance, investment, and industrial development. “Shukri will now lead the company through a period of strategic transformation and growth,” the company said announcing the appointment. 

Almheiri has been serving as a key board member of the group since 1998, and has also served as Chairperson of the company’s Nomination and Remuneration Committee. Previously, he held key leadership roles at Dubai Investments Industries, Abu Dhabi Investment Company, the Ministry of Health - UAE, and ADNOC. 

The company further added, “His appointment comes at a defining moment, as we build on our record-high results in 2024 and advance towards our ambitious goal of becoming an AED 2 billion topline enterprise by 2030. 

Supported by his extensive experience on the Board, Shukri will continue to offer perspective and foresight as the executive team delivers on this roadmap.” 

Shk. Saif Mohammed Bin Butti Al Hamed, Chairman of the Board of Directors said, “We are delighted to welcome Shukri Almheiri as our Chief Executive Officer. His deep-rooted history with Al Wathba Insurance and profound understanding of the industry make him the ideal leader to guide us through this critical period of growth. His strategic vision and proven track record will be instrumental in achieving our long-term objectives and creating sustainable value for our shareholders.” 

H.E. Rashid Darwish Ahmed Saif Al Ketbi, Vice Chairman, added, “Shukri Almheiri’s expertise in corporate governance, risk management, and strategic planning is precisely what Al Wathba Insurance needs for its next chapter. Having worked alongside him on the board, I have witnessed his unwavering dedication and foresight. He is not just an insurance expert; he is a transformational leader who will undoubtedly steer us towards a new era of success.” 

Muralikrishnan R, Chief Financial Officer, also said, “The financial targets we have set are ambitious, but with Shukri Almheiri’s leadership, we are confident in our ability to achieve them. His experience in investment and operational restructuring will be key as we pursue an ‘A’ rating and work towards achieving our vision of being an AED 2 billion GWP enterprise. His financial acumen aligns perfectly with our strategic direction.” 

Almheiri expressed, “It is a tremendous honor to accept this role at such a defining moment for Al Wathba Insurance. This company has been a significant part of my professional life, and I am excited to lead a team committed to excellence and innovation. I am confident that by focusing on strategic growth and operational efficiency, we will not only achieve our ambitious goals but also continue to serve our customers and contribute meaningfully to the dynamic economic landscape of the UAE.”