Solidarity Bahrain names new board members
MANAMA, December 30, 2017
Solidarity Bahrain, one of the largest takaful groups in the world, has unveiled the new company board following the merger of its subsidiaries - Solidarity General Takaful and Al Ahlia Insurance Company.
At the ordinary general assembly meeting held recently, the company appointed Tawfeeq Shehab as its new chairman and Ashraf Bseisu as the vice chairman.
This was the first company meeting post the successful merger between Solidarity General Takaful and Al Ahlia Insurance Company.
The newly-elected members include Sharif Ahmadi, Dr Nadhem Al Saleh, Venkatesan Muniswamy and Abhijit Singh.
The meeting was chaired by AbdulEllah Al Qassimi, former vice chairman and attended by board members Sharif Ahmadi and Venkatesan Muniswamy, shareholders and regulatory representatives.
During the meeting the shareholders also approved the appointment of Shaikh Dr Abdul Satar Abu Guda, Shaikh Mohsin Abdul Hussain Al Asfoor and Shaikh Dr Osama Bahar as Shari’a Supervisory Board members of the Company.
On the move, Al Qassimi said: "We are extremely pleased with the successful completion of the merger between Solidarity General Takaful with Al Ahlia Insurance. The merger is expected to result in significant benefits to the shareholders and policyholders of the merged entity."
Solidarity Bahrain, he stated, is unequivocally today a primary national Insurance player providing services to thousands of customers, and contributing significantly to the growth of the financial services sector in Bahrain.
"The newly-elected board members represent key constituents of the industry in which we function, and we expect that their experience will provide us with the momentum to continue Solidarity’s drive towards achieving even greater results" remarked Al Qassimi.-TradeArabia News Service
