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18 January 02:51 PM

Sukoon Insurance PJSC (SUKOON)

Last update: 7 January 12:11 PM market time.
4.10
0.50
13.89%
Open 4.10
Previous Close 3.60
High 4.10
Low 4.10
Stock Statistics
Volume 10,000
Turnover 41,000.00
All data are 15 minutes late during market session

News

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27 August 2025 05:46 AM Sukoon to provide Takaful coverage to Emiratis up to 95 years
Dubai - Mubasher: Sukoon Takaful has partnered with the Sheikh Zayed Housing Program (SZHP) to introduce a Family Takaful scheme for eligible UAE Nationals. As part of the program, Sukoon Insurance and Sukoon Takaful will join UAE insurers …
Banking and Finance
Photo Archive
12 September 2023 10:37 AM Sukoon acquires UAE life insurance portfolio of Chubb Tempest
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 …
Mergers and Acquisitions
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22 August 2023 03:28 PM Sukoon launches new subsidiary in DIFC
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) …
Companies Investments
Photo Archive
26 June 2022 06:15 PM DFM-listed Oman Insurance sells insurance operations in Turkey
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 …
Companies Investments
Photo Archive
26 April 2022 01:58 PM S&P upgrades Oman Insurance’s ratings to 'A'; outlook stable
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 …
Ratings
S&P has reaffirmed the company's capital adequacy above the AAA level
18 April 2021 10:58 AM S&P Global Ratings assigns Oman Insurance positive outlook
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 …
Ratings
The acquisition will help Oman Insurance to expand
29 July 2020 10:28 AM Oman Insurance fully acquires Dubai Starr Sigorta
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 …
Companies Investments
Gross premium revenues fell to AED 3.5 billion in 2019
19 April 2020 11:02 AM AM Best revises Oman Insurance’s outlook to stable
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 …
Ratings
Oman Insurance's EPS stood at AED 0.40 in FY19
4 February 2020 11:51 AM Oman Insurance sees AED 190.5m net profits in FY19
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 …
Financial Results
A sale and purchase agreement will be signed following the acquisition
3 February 2020 00:14 PM Oman Insurance to raise stake in Dubai Starr Sigorta
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 …
Companies Investments
The rating indicates the company’s strong market position in MENA
30 January 2020 03:37 PM Moody’s assigns ‘A2’ IFS rating to Oman Insurance; outlook ‘Stable’
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 …
Ratings
EPS rose to AED 0.08 in Q3-19
12 November 2019 11:40 AM Oman Insurance’s Q3 profit reaches AED 38m
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 …
Financial Results
Net profits reached AED 26 million in the second quarter of 2017
15 August 2017 04:59 PM Oman Insurance profits down 28% in Q2
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 …
Financial Results
Oman Insurance's headquarter (Photo Credit: Company Website)
16 May 2017 09:58 AM Oman Insurance posts 13% profit rise in Q1
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 …
Financial Results
(Photo credit: Arabianeye-Reuters)
21 March 2017 03:18 PM Oman Insurance OGM nods to 10 fils/shr dividends
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 …
General Assembly
OIC’s capital amounts to AED 461.87 million (Photo Credit: Arabianeye-Reuters)
16 February 2017 09:05 AM Oman Insurance recommends 10% annual dividends
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 …
General Assembly
OIC's profits fell 2.9% to AED 78.9 million in 2016 (Photo Credit: Company Website)
8 February 2017 10:56 AM Oman Insurance swings to losses in Q4
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 …
Financial Results
Net profit from the insurance activity fell to AED 78.6 million - Photo Credit: Company's Website
7 November 2016 04:21 PM Oman Insurance posts lower Q3 profits
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 …
Financial Results
The company's profits reached AED 36.07 million in Q2-16- (Photo Credit: Arabianeye-Reuters)
11 August 2016 03:54 PM Oman Insurance Q2 profits down 8.5%
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 …
Financial Results
Photo Credit: Arabianeye-Reuters
8 August 2016 00:38 PM Oman Insurance to discuss financials on 11 August
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 …
Event
OIC's headquarter (Photo Credit: Arabianeye-Reuters)
19 July 2016 00:22 PM S&P revises Oman Insurance outlook to “positive”
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” …
Ratings
Oman Insurance's headquarter ( Photo Credit: Company Website)
8 May 2016 09:30 AM Oman Insurance profits decline in Q1
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. …
Financial Results
Photo Credit: Arabianeye-Reuters
9 February 2016 08:52 AM Oman Insurance turns to losses in Q4-15
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 …
Financial Results
Photo credit: Arabianeye - Reuters
9 December 2015 08:41 AM Oman Insurance’s board discusses 2016 budget next Sunday
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 …
Companies Investments
Photo Credit: Arabianeye-Reuters
12 November 2015 10:47 AM Oman Insurance profits decline 28% in 9M
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 …
Financial Results