Press releases, Reports & Disclosures for Arabian Scandinavian Insurance - Takaful

The text is an official announcement from Sukoon Insurance PJSC regarding the change of the company's name, trading symbol, and logo in the Dubai Financial Market. The change follows a special resolution by the General Assembly on March 29, 2024, and the necessary approvals from regulatory authorities. The company's name will change from "Arabian Scandinavian Insurance Company (PLC) - Takaful - ASCANA Insurance" to "Sukoon Takaful PJSC." The trading symbol will change from "ASCANA" to "SUKOONTAKAFL." The last trading day under the old symbol will be Thursday, June 13, 2024, and the first trading day under the new symbol will be Friday, June 14, 2024. The announcement is signed by Dima Fakhoury, Head of Compliance and Corporate Governance, and is also addressed to Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, and Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi, UAE.

Sukoon Takaful PJSC, previously known as Arabian Scandinavian Insurance Company P.L.C - Takaful - ASCANA Insurance, has officially rebranded itself. This change aligns with the rebranding of its parent company, Sukoon Insurance, earlier in the year. The company, which is listed on the Dubai Financial Market (DFM), announced the rebrand as a significant milestone, emphasizing its commitment to innovation and customer-centric services. Sukoon Takaful offers a variety of Sharia-compliant insurance solutions, including property, motor, life (Family Takaful), marine, engineering, and general accident coverage. The company is rated 'A' with a stable outlook by S&P, backed by Sukoon Insurance's guarantee.

The Arabian Scandinavian Insurance Company (PJSC) Takaful, also known as Sukoon Takaful, held a Board of Directors meeting on Wednesday, May 29, 2024, at 12:00 PM. The meeting took place at the company's head office in Deira, Dubai, and was also accessible via 'Teams' video conferencing. The agenda included a general business review and the approval of Dima Fakhoury as the new Company Secretary. The meeting's results were communicated to Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, and a copy was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.

The Arabian Scandinavian Insurance Company (P.L.C) Takaful – ASCANA Insurance, also known as Sukoon Takaful, with a paid-up capital of 154,000,000, has announced a Board of Directors meeting. The meeting is scheduled for Wednesday, 29th May 2024, at 12:00 pm, at the head office of Sukoon Insurance in Dubai and will also be accessible via 'Teams' video conferencing. The agenda includes a general review of the company's business. The notification was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.

The text is a review report and interim condensed financial statements for the Arabian Scandinavian Insurance Company (PLC) - Takaful - ASCANA Insurance. The report, which is unaudited, is dated 31 March 2024.

The Arabian Scandinavian Insurance Company (Sukoon Takaful) PJSC, licensed by the Central Bank of the UAE, has informed the Dubai Financial Market that their Board of Directors passed a resolution on 7th May 2024. The resolution approved the company's financial statements for the first quarter of 2024. The information was conveyed by Dima Fakhoury, the Head of Compliance and Corporate Governance. A copy of the notice was also sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.

The Arabian Scandinavian Insurance Company (ASCANA Insurance) "Sukoon Takaful", a company licensed by the Central Bank of the UAE, has sent a notification to Mr. Hamed Ahmad Ali, the Executive Chief Officer of Dubai Financial Market. The company's Board will pass a resolution by Circulation on Tuesday, May 7th at 11:00 am, regarding the approval of the Financial Statements for Quarter 1 2024. A copy of the notification has also been sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.

The Arabian Scandinavian Insurance Company (P.L.C) Takaful – ASCANA Insurance, also known as Sukoon Takaful, held its Annual General Assembly Meeting on March 29, 2024. The meeting took place at the Sukoon Insurance's head office in Dubai and was also accessible online. The agenda included approval of the Board of Directors' report on the company's activity and financial position for the fiscal year ended on 31/12/2023, approval of the Auditor's report for the same period, approval of the Shariah Supervisory Committee's report, and approval of the company's balance sheet and profit and loss account for the fiscal year ended on 31/12/2023.

The Arabian Scandinavian Insurance Company (P.L.C) Takaful – ASCANA Insurance (“Sukoon Takaful”), with a paid-up capital of 154,000,000, held its Annual General Assembly Meeting on 29th March 2024. The meeting was held at Sukoon Insurance’s head office in Dubai and virtually via www.smartagm.ae. The shareholders approved the Board of Directors’ Report on the company’s activity and financial position for the fiscal year ended 31/12/2023, the Auditor’s Report for the same fiscal year, the Shariah Supervisory Committee’s Report, and the company’s balance sheet and profit and loss account for the fiscal year ended 31/12/2023.