Life Insurance

Mr. Khalid Ali Al Bustani has been elected to chair the Board. He is Assistant Under-Secretary for Revenue and Budget at the Ministry of Finance and Industry of the United Arab Emirates and the current Chairman of Arab Insurance Group (Arig), which controls 54.5 % of Takaful Re. Mr Bustani is also board member of the Arab Bank for Investment and Foreign Trade (ARBIFT).

Mr. Sultan Ahmed Al Gaith, the Director General of the General Pension and Social Security Authority of the United Arab Emirates has been elected to the position of Vice Chairman. He is also a board member of Arab Insurance Group (Arig), EMAAR Property, Dubai Islamic Bank and the Emirates Cooperative Society. Mr. Al Gaith will also become the Chairman of the Executive Committee of Takaful Re.

Mr. Chakib Abouzaid has been appointed as Chief Executive Officer. Mr. Abouzaid is a graduate in economics of the Grenoble University, France and brings with him over 15 years of experience in the reinsurance industry with a special focus on Islamic reinsurance. He joined Takaful Re after a successful assignment as Regional General Manager for Middle East & Gulf for Best Re.

Mr. Mohammed El-Dishish will assume the responsibilities of Chief Financial Officer. Mr El-Dishish is a Certified Public Accountant from the American Institute of CPA's and brings with him over 30 years of professional experience in the financial services sector. Since 1998, Mr. El-Dishish has been with Arab Insurance Group (Arig), where he headed the Operations Management unit.

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC. Index : Company News : Takaful International Browse related articlesNext article » Today's most read articles:» Eid possibly on Wednesday » $1.9bn Dubai road expansion » Emirates Hills, no clinic » Middle East Mobility & Wireless Broadband Summit to be held in Dubai on... » Dubai land deals up 12%, $520m Most read articles the past week:» Sony Ericsson wins SmartPhone Manufacturer of the Year Award for 2005 » Dubai International Properties and the Istanbul Metropolitan Municipality... » Why customers are flocking to Linux » Due diligence when buying Dubai property » Dubai goes for gold!

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