Bustani appointed by Arig

The board of directors of Arab Insurance Group (Arig) has recently elected Khalid Ali Al Bustani, board member and executive committee chairman, as group vice-chairman, said the company yesterday.

Al Bustani is assistant undersecretary for Revenue and Budget at the Ministry of Finance and Industry of the UAE. He joined Arig's board of directors last October representing the UAE government.

"Al Bustani brings with him a wealth of experience in board directorship and corporate governance," said the statement.

He is deputy chairman of the Arab Bank for Investment and Foreign Trade, and is a board member of several organisations in the UAE, including Emirates Telecommunication Corporation (Etisalat), the Federal Customs Authority, General Information Authority and Dubai Department of Health and Medical Services.