Solidarity appoints GM for the General Takaful Division

Solidarity's vision is to be the world's leading Takaful Company operating in accordance with the principles of Shariah, generating superior returns for shareholders and policyholders alike. Solidarity's mission is to provide a range of Shariah compliant safety and protection products with quality customer service.

Appointing Mr. Datta comes as a step to support the implementation of Solidarity's plan to expand in key international markets and offer its Sharia'h compliant products across the globe.

Mr. Datta has extensive experience in the insurance industry. He has held senior management positions in leading insurance institutions viz.Chubb Insurance Group, Bahrain Kuwait Insurance, and New India Assurance. During his career, Gautam has achieved success in the insurance market place with his innovative and visionary leadership style.

Sameer Al Wazzan, CEO - Solidarity, commented, "With the expanding scope of this unique Islamic system of insurance and assurance, Solidarity is poised to lead the way in providing the utmost safety and protection against the widest possible risks."

"With the decision of increasing our paid up capital to US$ 275 million, Mr. Datta Gautam will play a vital role in implementing Solidarity's expansion strategy and maintaining the image of providing innovative product and quality customer services amongst major insurers in the international market," added Al Wazzan.

Mr. Datta's in depth experience, not only in insurance, but also in the region, will add another dimension to Solidarity's executive management team.

Commenting on his appointment, Mr. Datta said, "I have been working with Solidarity as a Deputy GM since its early days of inception. I am really looking forward to the challenge of continuing what we have already built and develop in Solidarity's General Takaful division to be a brand that is recognized for its financial strength and security, the quality of its products and services.. Our division's infrastructure is ready for new opportunities that will arise with the rapid development taking place in this industry."

Solidarity is set to capitalize on the success of its opening years by continuing its expansion in to key international markets. To strengthen its current position and achieve the expansion strategy, Solidarity is in the process of increasing its paid up capital to US$ 275 million, and its authorized capital to US $500 million.