Solidarity General Takaful names new GM
Manama, March 11, 2012
Bahrain-based Solidarity General Takaful (SGT), a subsidiary of top Takaful company Solidarity Group Holding, has appointed Youssef Al Kareh as its new general manager.
Al Kareh was formerly acting general manager at SGT, and has been with Solidarity Group since his appointment as head of Risk Management at the beginning of 2009.
“Youssef is no stranger to Solidarity and has held several senior posts within the group,” said Solidarity Group chief executive and SGT’s vice chairman Ashraf Bseisu.
“His appointment, at the helm of Solidarity General, is a reflection of the Board’s confidence in his abilities to guide our flagship company in the current challenging market environment.”
“The vision of the Board of Directors is to see Solidarity General become the leading Sharia’ compliant insurance company in Bahrain. On behalf of the Board of Directors, I wish Youssef continued success in his latest assignment,” he added.
“I am privileged to have been selected to lead the Company as we push ahead with the implementation of our strategic plans in Bahrain,” said Al Kareh. “I am confident that, under the Board’s directives and with the support of the management team, we will be able to translate our Corporate Vision into a tangible reality.”
Prior to joining Solidarity, he was a director of Investment Structuring at an Islamic investment firm in Bahrain.
Al Kareh holds an MSc in Financial Engineering from the ICMA Centre at the University of Reading.
He is a Fellow of the Chartered Insurance Institute in London (FCII) and a Chartered Insurance Practitioner, a Member of the Securities & Investment Institute (MSI) and an Associate Member of the Association of Corporate Treasurers (AMCT). – TradeArabia News Service
More Finance & Capital Market Stories
- Qatar 'most expensive country in Gulf'
- Egypt regulator sets rules for index
- Dubai Islamic eyes Kenya, Indonesia for expansion
- ADCB to buy back 3pc of its shares
- GCC insurance growth outpaces developed markets
- Bahrain 'faces budget deficit, inflation challenges'
- Global Payment Services wins key certification
- BBK unveils big India expansion plans
- Kuwait GDP growth to hit 3.5pc in 2014
- Gulf shares tumble over EM exposure cut
- GCC bonds to gain from macro-economic climate
- French Business Council Dubai members up 18pc
- Egypt economy growth seen less strong than thought
- Sharjah approves $4.2bn budget for 2014
- Saudi non-oil sector posts solid growth in Feb
- Seera total income rises to $34m
- NBAD approves 40pc cash dividends
- NBAD sees 8-10pc loan growth
- Al Basel Group launches investment arm
- Union Insurance posts $18m profit
- Oman warns banks on conflicts of interest
- Japan to lend Tunisia $480m
- 400 to join anti-laundering seminar in Riyadh
- Lebanese insurer to head Prague Club
- UAE's first REIT plans $135m IPO
- Bahrain banking industry outlook 'positive'
- New India Assurance opens Bahrain branch
- Qatar sets up mixed business incubator
- Kuwait budget spending up 8pc in April-Jan
- Thomson Reuters to host Mena IFR awards