Dubai – Mubasher: The board of Takaful Emarat – Insurance has approved the appointment of Wael Al Sharif as new CEO.

The appointment of Al Sharif is subject to the approval of the competent authorities, the company said in a bourse statement released on Tuesday.

Takaful Emarat added that the Insurance Authority approved the appointment of the new CEO.

It is worth noting that the Dubai-listed insurer reported a consolidated loss attributable to shareholders of AED 19.08 million during the third quarter of 2019, against a profit of AED 6.66 million in the year-ago period.