Press releases, Reports & Disclosures for Sukoon Insurance PJSC

Sukoon Insurance PJSC has announced that its Board of Directors passed a resolution by circulation on March 28, 2025. The resolution approved an increase in the authorized share capital of "Sukoon Workplace Savings Solutions Limited" by USD 2 million, raising it from USD 2 million to USD 4 million, represented by 2,000,000 ordinary shares at USD 1 each. Additionally, the paid-up share capital of the company was increased by USD 500,000, from USD 2 million to USD 2.5 million, represented by 500,000 ordinary shares at USD 1 each. The Board also recommended amending the Articles of Association to reflect these changes and authorized the board of "Sukoon Workplace Savings Solutions Limited" to implement the amendments. The information was communicated to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

Sukoon Insurance PJSC has announced that its Board of Directors will pass a resolution by circulation on March 28, 2025, at 9:00 am. The agenda includes increasing the authorized share capital of Sukoon Workplace Savings Solutions Limited by USD 2 million, raising it from USD 2 million to USD 4 million, and increasing the paid-up share capital by USD 500,000, raising it from USD 2 million to USD 2.5 million. Additionally, there will be amendments to the Articles of Association to reflect these changes, with the Board authorized to implement the amendments. The notification was addressed to Mr. Hamed Ahmad Ali, 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.

Sukoon Insurance, previously known as Oman Insurance Company, has partnered with Yallacompare, a prominent insurance broker in the UAE and Middle East, to offer customized Accident and Health Insurance solutions. These insurance plans, available through Yallacompare's digital and telesales platforms, aim to provide comprehensive and flexible coverage to meet individual needs. The partnership is timely, given the rising demand for accessible and affordable insurance due to increased awareness of financial protection's importance amidst global economic uncertainties. By combining Yallacompare's extensive reach with Sukoon's five decades of expertise in innovative insurance products, the collaboration seeks to make comprehensive protection more accessible. Sukoon's dedicated Accident & Health department and digital capabilities ensure a seamless customer experience. Emmanuel Deschamps of Sukoon Insurance and Roger Zaccar of Yallacompare expressed enthusiasm for this partnership, viewing it as a significant step in providing exceptional coverage and support. Sukoon aims to lead the Accident and Health insurance sector in the UAE and expand its presence in the region.

Sukoon Insurance PJSC held a Board of Directors meeting on March 18, 2025, at their head office in Dubai and via video conferencing. The board made several decisions, including electing Mr. Badr Al Ghurair as Chairman and Mr. Mohamed Abdel Razek as Vice Chairman. They approved the composition of four board committees: Audit, Risk, Investment, and Nomination and Remuneration. The board accepted the resignation of Mrs. Louise O’Donnell as Board Secretary, effective April 18, 2025, and appointed Mrs. Rana Attieh as her successor, pending approval from the Central Bank of the UAE. They also approved the Underwriting Performance review and Pricing report as of December 2024 and addressed general business matters. A copy of the meeting's outcomes was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

The document is a notification from Sukoon Insurance PJSC about an upcoming Board of Directors meeting scheduled for March 18, 2025, at 12:00 PM. The meeting will be held at the company's head office in Dubai and via the Teams platform. The agenda includes the election of the Chairman and Vice Chairman, appointment of board committees and a board secretary (pending approval from the Central Bank of the UAE), approval of underwriting performance and pricing reports as of December 2024, and general business matters. The notification is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy is sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.

The text is a notification regarding an upcoming Board of Directors meeting for Sukoon Insurance PJSC. The meeting is scheduled for March 18, 2025, at 10:00 am, to be held at the company's head office in Deira, Dubai, and via the Teams platform. The agenda includes the election of the Chairman and Vice Chairman, appointment of board committees and the board secretary (pending approval from the Central Bank of the UAE), approval of underwriting performance and pricing reports as of December 2024, and general business matters. The notification is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy is sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

Sukoon Insurance PJSC held its Annual General Assembly Meeting on February 28, 2025, both at its head office in Dubai and online. During the meeting, shareholders approved several items: the Board of Directors' report on the company's activities and financial position for the fiscal year ending December 31, 2024, the Auditor's report for the same period, and the company's Balance Sheet and Profit and Loss Account. They also approved a proposal to distribute 20% cash dividends amounting to AED 92,374,425 for the fiscal year 2024, and the remuneration of AED 2,200,000 for the Board Members. Additionally, the Board members and auditors were discharged of liability for the fiscal year 2024. Deloitte was appointed as the external auditor for the fiscal year 2025 with a fee of AED 1,458,450.

The document is an announcement from Sukoon Insurance PJSC regarding the list of candidates for the company's Board of Directors. The nomination period for the Board was closed on January 7, 2025, and the candidates have been vetted by the Board Nomination and Remuneration Committee and approved by the Central Bank of the UAE. The election will take place during the Annual General Assembly meeting on February 28, 2025, at 11:00 AM. The candidates listed are Badr Abdulla Ahmad Al Ghurair, Hamda Moosa Abdulla Hussain Alshamali, Mohamed Salah Abdel Hamid Abdel Razek, Oliver Thorsten Christian Lang, Paolo De Martin, Saood AbdulAziz Abdulla Ahmad AlGhurair, Abdulla Mohammad Khalifa S Bin Habtoor, and Khulood Khalil Ibrahim Qayed. The announcement is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and is copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.

Sukoon Insurance, previously known as Oman Insurance Company, has launched new digital Accident and Health Insurance products in Dubai, UAE, on February 18, 2025. These products, developed in partnership with the InsureTech platform Democrance, offer comprehensive and flexible coverage options that can be purchased online quickly. The launch addresses the increasing demand for accessible and affordable insurance due to heightened awareness of financial protection needs amidst global economic uncertainties. The new plans are designed to cater to individual needs and budgets, providing a seamless online experience from purchase to claims. Emmanuel Deschamps, Executive Vice President at Sukoon Insurance, emphasized the company's commitment to offering innovative and customer-focused insurance solutions. This launch further establishes Sukoon's reputation as a leading insurer in the UAE.