Abu Dhabi – Mubasher: National Takaful Co (Watania) said that the chairman, Khaled Khoori, has resigned from his position, the UAE company said in a bourse statement issued on Monday.

The chairman has submitted his resignation “due to his professional commitments,” the company said, noting that Khooris has joined Al Hilal Bank as the CEO and is a member of Al Hilal Takaful Company.

Watania said that the vice chairman will be in charge of the chairman duties, pending the appointment of a new replacement.