Who is Mr. Fareed Lutfi Ali Hussain Al Harmouzi?
Mr. Fareed Lutfi Ali Hussain Al Harmouzi is an UAE serving as Vice Chairman at Al Salam Bank B.S.C. and Salam Bounian Development PJSC. Career sectors include insurance, reinsurance, takaful, and healthcare. Educated at College of Insurance and Swiss Insurance Training Centre.
- What boards does Mr. Fareed Lutfi Ali Hussain Al Harmouzi serve on?
- Mr. Fareed Lutfi Ali Hussain Al Harmouzi currently serves on 2 boards: Al Salam Bank B.S.C. and Salam Bounian Development PJSC.
- Where did Mr. Fareed Lutfi Ali Hussain Al Harmouzi work before?
- Prior to current roles, Mr. Fareed Lutfi Ali Hussain Al Harmouzi held positions at Marsh Emirates Insurance Brokers and Consultancy, Dubai Holdings, Dubai Group, Dubai Financial Group, and Dubai Islamic Insurance and Reinsurance Company (AMAN).
Mr. Fareed Lutfi Ali Hussain Al Harmouzi
فريد لطفي علي حسين الحرموزيBiography
Fareed possesses over 40 years of extensive experience in the insurance field, holding leadership positions in various prominent government and private institutions across the UAE and the region. This includes the Secretary-General position of the Emirates Insurance Association and the Gulf Insurance Federation, board memberships in several insurance and reinsurance companies, and serving as an Executive Advisor for leading organizations. He evidently boasts a distinguished track record and deep industry knowledge, and his views are well-respected amongst his peers. Previous Positions and Experience: Executive Advisor at Marsh Emirates Insurance Brokers and Consultancy; Board Member of UTMOST International Middle East, DIFC; Advisory Board Member of Risk Exchange, DIFC; Vice Chairman and Committee Member of National Health Insurance (DAMAN), Abu Dhabi; Former Director of Insurance Services at Dubai Holdings; Former President of Dubai Insurance Group, part of Dubai Group; Former Managing Director -Insurance with Dubai Financial Group, part of Dubai Group; Member of the Steering Committee formed by Dubai Executive Council for establishing Dubai Health Insurance Scheme; Served as an Independent Board Member of Gulf Warranties, Bahrain; Served as a Board Member of Al Fajr Re, Kuwait; Served as a Board Member and Chairman of the Audit Committee at Emirates Retakaful Company in DIFC; Former Chairman and Senior Executive Officer of DHIS (a captive company based in DIFC); Served as Vice Chairman and Member of Reinsurance Committee of Dubai Group Sigorta, Turkey; Former Board Member, Audit Committee Member, and HR Committee Member of OmanNational Investment Corporation Holding, Oman; Former Board Member and Chairman of the Audit Committee of National Life & General Insurance Company, Oman; Member of Planning Committee for DCCI Insurance Group; Member of Financial Services and Banking Program Advisory Committee - Dubai United Kingdom Trade and Economic Committee (DUKTEC); Member of the finance working group - Work Passport Program, Abu Dhabi Chamber of Commerce & Industry; Former Board Member of Gulf Assist, Bahrain; Served as a Member of the National Committee for the World Trade Organization of the Ministry of Economy and Commerce; Former Board Member, Dubai International Financial Centre (DIFC); Served as General Manager and then Consultant of Dubai Islamic Insurance and Reinsurance Company (AMAN) which he established while in the role as General Advisor for Dubai Islamic Bank and The Investment Office, Dubai; Chief Executive Officer and Board Member of Alliance Insurance, Dubai; His career began as a reinsurer with ARIG – Arab Insurance Group in 1981 through 1996, setting up and managing the London Contact office from 1982 to 1986.
Current Board Positions
Cross-Exchange Experience
2 ExchangesBoard experience across multiple GCC stock exchanges
Board Meeting Attendance
| Year | Company | Attended | Total | Rate |
|---|---|---|---|---|
| 2024 |  Salam Bounian Development PJSC | 0 | — | — |
| 2024 | Salam Bounian Development PJSC | 4 | — | — |
| 2024 |  Al Salam Bank B.S.C. | 2 | — | — |
| 2024 | Al Salam Bank B.S.C. | 8 | — | — |
All Current Positions
Quick Stats
Education & Qualifications
Education
Member of the Chartered Institute of Insurance (London) since 1982; Completed Special Insurance Program: College of Insurance, New York, NY (1982); Training in London Insurance/Reinsurance Markets: London, England (1982); Insurance Studies: Swiss Insurance Training Centre, Zurich, Switzerland (1986)
Sector Exposure
Board Readiness
94/100
Profile Completeness
Research Briefing
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