Sukoon Insurance PJSC

Dubai – Mubasher: Oman Insurance Company (Sukoon) has acquired the UAE Life insurance portfolio of Chubb Tempest Life Reinsurance Ltd, according to a press release. The two parties signed the agreement on 24 August 2023, as it aligned with …

Dubai – Mubasher: Oman Insurance Company (Sukoon) has received approval from Dubai Financial Services Authority (DFSA) to launch a new subsidiary called Oman Insurance Workplace Savings Solution (OIWSS). Dubai International Financial Centre (DIFC) …

Dubai – Mubasher: Oman Insurance Company, listed on Dubai Financial Market (DFM), has exited its insurance operations in Turkey as part of its transformation strategy to focus the company’s resources on specific markets and segments. The …

Dubai – Mubasher: S&P Global Ratings has upgraded the long-term issuer credit and insurer financial strength ratings of Oman Insurance Company to 'A' from 'A-', with a stable outlook. The rating reflects the company’s sustainable operating …

Dubai – Mubasher: S&P Global Ratings has assigned Oman Insurance Company a positive outlook, based on its positive operating performance and improving capital base in the past two years, and affirmed the company's 'A-' rating. The positive outlook …

Dubai – Mubasher: Oman Insurance Company has fully acquired Dubai Starr Sigorta A.S after buying an additional 49% of the issued and outstanding share capital, according to the company's disclosure to Dubai Financial Market (DFM) on Wednesday. In …

Dubai – Mubasher: The US-based credit rating agency AM Best has revised the UAE’s leading insurer Oman Insurance Company outlook to stable from negative and affirmed its financial strength rating of “A” (excellent) and long-term issuer credit …

Dubai – Mubasher: The net profits of Oman Insurance Company increased to AED 190.5 million in fiscal year 2019 from AED 10.1 million in 2018, achieving the best performance in years, according to the company’s consolidated financial statements for …

Dubai – Mubasher: Oman Insurance Company is preparing for acquiring additional 49% stake in its subsidiary Dubai Starr Sigorta. The company referred that a sale and purchase agreement will be signed following the acquisition, as the measures of …

Dubai – Mubasher: Moody's Investors Service has assigned an ‘A2’ Insurance Financial Strength (IFS) rating to Oman Insurance Company, with a ‘Stable’ outlook. The rating indicates the UAE-based company’s strong market position in MENA, diversified …

Dubai - Mubasher: Oman Insurance Company (OIC) registered profits attributable to the owners of the company worth AED 37.987 million during the third quarter of 2019, up from AED 24.717 million in the corresponding quarter in 2018, consolidated …

Dubai - Mubasher: The financial statements of Oman Insurance Company (OIC) showed a decline in net profits by 27.9% year-on-year during the second quarter of 2017, according to a bourse filing. The company said in a statement to the Dubai …

Dubai – Mubasher: Oman Insurance Company (OIC) posted a 13.5% year-on-year rise in its profits during the first quarter of 2017, according to a bourse statement. Profits reached AED 25.45 million ($6.93 million) in Q1-17, compared to AED 22.43 …

Abu Dhabi – Mubasher: Shareholders at Oman Insurance Company's (OIC) ordinary general meeting (OGM) on Tuesday approved the distribution of 10 fils per share as cash dividends for 2016. The distributions represent 10% of the company's capital and …

Dubai – Mubasher: Oman Insurance Company’s (OIC) board proposed to pay 10% cash dividends, equivalent to 10 fils per share, according to a bourse filing. The recommend dividends stood at a total value of AED 46.19 million. The company’s capital …

Dubai – Mubasher: Oman Insurance Company (OIC) turned to losses in the fourth quarter of 2016, according to a bourse statement. The company incurred losses of AED 140,000 ($38,110) in Q4-16, against profits of AED 35.68 million ($9.72 million) in …

Dubai – Mubasher: Oman Insurance reported a 30.6% profit decrease in the third quarter of 2016, according the unaudited financial results. The company earned AED 20.06 million ($5.5 million) in Q3, compared with AED 28.9 million ($7.9 million) for …

Dubai – Mubasher: Oman Insurance Co. (OIC) on Thursday reported an 8.5% decrease in net profits for the second quarter of 2016. The company's profits reached AED 36.07 million ($9.8 million) in Q2-16 from AED 39.44 million ($10.73 million) in …

Dubai - Mubasher: Oman Insurance Company announced that its board will meet on 11 August to discuss and approve the financial results for the second quarter of 2016, according to a bourse filing. The company recorded a 48.9% decline in profits in …

Mubasher: Standard & Poor's Ratings Services (S&P) affirmed its "A-" long-term insurer financial strength and counterparty credit ratings on Oman Insurance Co. (OIC), according to a statement.  S&P revised its outlook on the company to “stable” …

Dubai-Mubasher: Oman Insurance Company (OIC) saw a decrease by 48.9% in its quarterly profits, according to a bourse statement. Profits stood at AED 22.43 million ($6.11 million) in Q1-16, compared to AED 43.89 million ($11.95 million) in Q1-15. …

Dubai-Mubasher: Oman Insurance Company (OIC) posted net losses of AED 31 million ($8.44 million) in the fourth quarter of 2015, against net profits of AED 73.37 million ($20 million) in the corresponding quarter of 2014, according to a bourse …

Dubai – Mubasher: Oman Insurance Company announced on Wednesday that its board will meet next Sunday, 13 December, to discuss general meetings, the company’s Budget for 2016, and the work plan for the next three years. The Dubai listed company …

Dubai – Mubasher: Oman Insurance Company (OIC) generated profits of AED 112.2 million in the first nine months of 2015, a drop of 28% from AED 156 million in the same period of 2014, according to a bourse filing to Dubai Financial Market (DFM) on …

  Dubai – Mubasher: Oman Insurance Company (OIC) posted a sharp decline in its profits by 30.86% in the first six months of 2015 to AED 83.3 million compared to AED 120.53 million in H1-14. Profits for the second quarter of the year saw a similar …