Dar Al Takaful completes two acquisitions

The company has appointed Rajesh Sethi as new CEO

  

Dubai -  Dar Al Takaful has completed the acquisition of Noor Takaful General and Noor Takaful Family, as their shares have been transferred to Dar Al Takaful.

Hence, the company has appointed Rajesh Sethi as the new CEO of Dar Al Takaful, according to the company's disclosure to Dubai Financial Market (DFM).

It is noteworthy to mention that in June, the company has signed a purchase agreement worth AED 215 million with Noor Investment Group and Noor Bank to acquire the entire shares of Noor Takaful General and Noor Takaful Family.

Source: Mubasher

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