Oman Insurance Company

SUKOON

AEO000101014

Multiline Insurance & Brokers

Market Closed - Dubai FM Other stock markets 06:41:39 2024-03-22 am EDT			5-day change	1st Jan Change
3.9 ^AED	-.--%		-.--%	-.--%

Apr. 05	Sukoon Insurance Completes Purchase of Remaining Shares in Arabian Scandinavian Insurance	MT
Apr. 02	Sukoon Insurance Concludes Acceptance Period for Ascana Buyout Bid	MT

Oman Insurance Company P.S.C. agreed to acquire a 93.0432% stake in Arabian Scandinavian Insurance Company - Takaful - ASCANA Insurance for approximately AED 190 million.

December 19, 2022

Oman Insurance Company P.S.C. agreed to acquire a 93.0432% stake in Arabian Scandinavian Insurance Company (PLC) - Takaful - ASCANA Insurance for approximately AED 190 million on December 19, 2022. As of April 14, 2023, Oman Insurance Company P.S.C have received approval from Central bank of UAE and securities and commodities authority.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	OMAN INSURANCE COMPANY	3.9 AED	-.--%	-.--%	490M
	ARABIAN SCANDINAVIAN INSURANCE COMPANY (PLC) - TAKAFUL - ASCANA INSURANCE	1.65 AED	0.00%	0.00%	69.18M

Latest news about Oman Insurance Company

Sukoon Insurance Completes Purchase of Remaining Shares in Arabian Scandinavian Insurance	Apr. 05	MT
Sukoon Insurance Concludes Acceptance Period for Ascana Buyout Bid	Apr. 02	MT
Sukoon Insurance Resumes Trading on Dubai Financial Market	Mar. 19	MT
Sukoon Insurance Halts Trading on Dubai Financial Market Amid Board Meeting	Mar. 19	MT
Sukoon Insurance Launches Offer for Shares Not Already Owned in Sukoon Takaful	Mar. 05	MT
Sukoon Insurance PJSC intent to make offer to acquire remaining 6.95% stake in Arabian Scandinavian Insurance Company - Takaful - ASCANA Insurance.	Mar. 03	CI
Sukoon Insurance PJSC Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 31	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-25	CI
Oman Insurance Company P.S.C. signed an agreement to acquire UAE Lifeinsurance portfolio of Chubb Tempest Life Reinsurance Ltd.	23-09-10	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-25	CI
Oman Insurance Company P.S.C. completed the acquisition of 93.0432% stake in Arabian Scandinavian Insurance Company - Takaful - ASCANA Insurance.	23-05-17	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-11	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-08	CI
Oman Insurance Company P.S.C. agreed to acquire a 93.0432% stake in Arabian Scandinavian Insurance Company - Takaful - ASCANA Insurance for approximately AED 190 million.	22-12-19	CI
Oman Insurance Company P.S.C. acquired UAE Life insurance portfolio from Assicurazioni Generali S.p.A.	22-11-23	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-09	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-27	CI
VHV Reasurans Anonim Sirketi completed the acquisition of Insurance Operations In Turkey from Oman Insurance Company P.S.C..	22-06-23	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-12	CI
Oman Insurance Company P.S.C. agreed to acquire UAE Life insurance portfolio from Assicurazioni Generali S.p.A.	22-03-20	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-10	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-07-29	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-10	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Full Year Ended December 31, 2020	21-02-10	CI
Oman Insurance Company P.S.C. Reports Earnings Results for the Third Quarter Ended September 30, 2020	20-11-11	CI

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Company Profile

Oman Insurance Company PSC, a subsidiary of Mashreq Bank (PSC), is a United Arab Emirates-based company engaged in the business of issuing short-term and long-term insurance contracts, which are issued in connection with general insurance, individual life, group life, personal accident, medical and investment linked funds. The Company is organized into three business segments: the General Insurance segment comprises property, motor, general accident, aviation and marine risks; the Life Insurance segment includes individual life (participating and nonparticipating), medical, group life and personal accident, as well as investment linked funds, and the Investment segment comprises financial and non-financial investments. The Company also has operations in Oman and Qatar. As of December 31, 2011, the Company held 99.97%-stake in its subsidiary, Equator Trading Enterprises LLC. In September 2012, the Company acquired 51% stake in Dubai Group Sigorta SA.

Sector

Multiline Insurance & Brokers

Calendar

2024-05-07 - Q1 2024 Earnings Release (Projected)

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