Oman Insurance Company (P.S.C.)

Ticker/ISIN
OIC
AEO000101014
Market/Country
Dubai Financial Market
United Arab Emirates
Latest Stock Price
3.90 AED
2023-12-28

Year to date

0.00 %

3 months

0.10 %

6 months

0.01 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

Country of Origin: United Arab Emirates (U.A.E)

Established in 1975, Oman Insurance Company P.S.C. ("Sukoon") is one of the leading insurance providers in the UAE. They provide a wide range of comprehensive insurance solutions to more than 830,000 individuals and commercial clients in life, healthcare and general (property, energy, engineering, aviation, marine and liability) insurance. The Company has operations across all Emirates in the UAE as well as in Oman.

The Company is a subsidiary of Mashreq Bank (PSC) incorporated in the Emirate of Dubai.

The Company is committed to providing outstanding insurance solutions that help create and protect wealth and wellbeing. The Dubai-based company achieves this mission by serving businesses and individuals with a team of 650 professionals through an intensive distribution network of branches, brokers, bancassurance partners, agencies, an e-commerce platform and a dedicated call centre.

At its core, the Company is a customer-centric organization, with a single-minded focus on service. Its priority has always been to build long term client relationships, with complete customer satisfaction as most important, non-negotiable objective. Sukoon wants to become a reference in the region for excellent customer service.


Latest Pressrelease Summaries

Oman Insurance Company (P.S.C.)
Sukoon Insurance PJSC has announced a Board of Directors meeting to be held on January 25, 2024, at 10:00 am at the company's head office in Dubai and via the 'Teams' platform. The agenda includes approval of the annual financial statements for the fiscal year ending December 31, 2023, the board's report on the company’s activities and financial position, and the external auditors' report. They will also discuss the date of the General Assembly Meeting, distribution of dividend proposal, remuneration of directors, appointment of external auditors, and composition of board committees. The information was conveyed by Louise O’ Donnell, Head of Strategy, International Operations, Legal & Compliance. A copy of the letter was also sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, and Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.
Oman Insurance Company (P.S.C.)
Sukoon Insurance, a leading insurer for high-net-worth individuals in the UAE, and US-based tech company WAX have partnered to launch the first collector App in the UAE. The App, named "WAX Collectibles", is aimed at enhancing how collectors of high-end items manage and insure their collections. Available on Apple Appstore and Google Playstore, the App allows users to categorize, visualize, and insure their collections with ease. Sukoon's Executive Vice President expressed enthusiasm about the collaboration, while WAX's CEO highlighted the company's commitment to serve collectors globally.
Oman Insurance Company (P.S.C.)
Sukoon Insurance PJSC, based in Dubai, United Arab Emirates, has announced a change in its company's name, trading symbol, and logo. The change was approved by the General Assembly on January 2, 2024. The last trading day under the old symbol will be Thursday, January 25, 2024, and the first trading day under the new symbol will be Friday, January 26, 2024. The notice 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.
Oman Insurance Company (P.S.C.)
Oman Insurance Company P.S.C. has changed its legal name to Sukoon Insurance PJSC after fulfilling all regulatory requirements. The change, which marks a significant point in the company's history of over 48 years, will not affect existing policies or coverage. The Sukoon brand was first introduced in October 2022. The company plans to liaise with the Dubai Financial Market (DFM) to change its name on the DFM website and will inform shareholders about the activation date of the new name.
Oman Insurance Company (P.S.C.)
The General Assembly Meeting of Oman Insurance Company P.S.C. ("Sukoon") was held on 2nd January 2024 at the company's head office in Dubai and virtually via www.smartagm.ae. The shareholders approved two special resolutions. The first resolution was to change the legal name of the company to "Sukoon Insurance PJSC" and implement the new name subject to regulatory approvals. The second resolution was to amend the Articles of Association of the company, also subject to regulatory approval. The information was communicated by Louise O'Donnell, EVP-Head of Strategy, International Operations, Legal, and Compliance. A copy of the communication 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, UAE.
Oman Insurance Company (P.S.C.)
The Oman Insurance Company P.S.C. ("Sukoon") has announced a change in its board of directors. The company has appointed Mr. Badr Al Ghurair as Chairman of the Board, replacing Mr. AbdulAziz Al Ghurair. However, Mr. AbdulAziz Al Ghurair will remain a member of the board. The company has also communicated this decision to the Central Bank of UAE and the Securities and Commodities Authority. The announcement was made in a letter dated 27th December 2023, addressed to Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market.
Oman Insurance Company (P.S.C.)
The Executive Chief Officer of the Dubai Financial Market, Mr. Hamed Ahmad Ali, has been informed by Louise O’Donnell, EVP-Head of Strategy, International Operations, Legal and Compliance of Oman Insurance Company P.S.C. ("Sukoon"), that the company's Board of Directors will pass a board resolution on the 26th of December 2023 to reconsider the chairmanship of the board. A copy of the notification 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, UAE.
Oman Insurance Company (P.S.C.)
The Board of Directors of Oman Insurance Company P.S.C. (Sukoon) held a meeting on December 13, 2023, at 09:30 am at the company's head office in Dubai. The meeting was also conducted through Teams video conferencing. The board conducted a general review of the company's business during the meeting. The communication was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of Dubai Financial Market by Louise O'Donnell, EVP-Head of Strategy, International Operations, Legal and Compliance of Sukoon. A copy was also sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at Securities and Commodities Authority in Abu Dhabi.

Threads

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TradevesterStallone

TradevesterStallone

Commented on FinDiesels Transaction regarding Oman Insurance Company (P.S.C.)

Yo, those 69 shares of Oman Insurance, huh? Bold move, FinDiesel! Financials are lookin' solid in your portfolio. Keep punchin' through, you'll hit those gains! 🥊📈
DFM News

DFM News

News Update From Oman Insurance Company (P.S.C.)

Disclosure: BOD Meeting

Sukoon Insurance PJSC has announced a Board of Directors meeting to be held on January 25, 2024, at 10:00 am at the company's head office in Dubai and via the 'Teams' platform. The agenda includes approval of the annual financial statements for the fiscal year ending December 31, 2023, the board's report on the company’s activities and financial position, and the external auditors' report. They will also discuss the date of the General Assembly Meeting, distribution of dividend proposal, remuneration of directors, appointment of external auditors, and composition of board committees. The information was conveyed by Louise O’ Donnell, Head of Strategy, International Operations, Legal & Compliance. A copy of the letter was also sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, and Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.

1. Attached Document

DFM News

DFM News

News Update From Oman Insurance Company (P.S.C.)

Disclosure: Press Release

Sukoon Insurance, a leading insurer for high-net-worth individuals in the UAE, and US-based tech company WAX have partnered to launch the first collector App in the UAE. The App, named "WAX Collectibles", is aimed at enhancing how collectors of high-end items manage and insure their collections. Available on Apple Appstore and Google Playstore, the App allows users to categorize, visualize, and insure their collections with ease. Sukoon's Executive Vice President expressed enthusiasm about the collaboration, while WAX's CEO highlighted the company's commitment to serve collectors globally.

1. Attached Document

DFM News

DFM News

News Update From Oman Insurance Company (P.S.C.)

Disclosure: Notification from the Company

Sukoon Insurance PJSC, based in Dubai, United Arab Emirates, has announced a change in its company's name, trading symbol, and logo. The change was approved by the General Assembly on January 2, 2024. The last trading day under the old symbol will be Thursday, January 25, 2024, and the first trading day under the new symbol will be Friday, January 26, 2024. The notice 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.

1. Attached Document

DFM News

DFM News

News Update From Oman Insurance Company (P.S.C.)

Disclosure: Press Release

Oman Insurance Company P.S.C. has changed its legal name to Sukoon Insurance PJSC after fulfilling all regulatory requirements. The change, which marks a significant point in the company's history of over 48 years, will not affect existing policies or coverage. The Sukoon brand was first introduced in October 2022. The company plans to liaise with the Dubai Financial Market (DFM) to change its name on the DFM website and will inform shareholders about the activation date of the new name.

1. Attached Document

DFM News

DFM News

News Update From Oman Insurance Company (P.S.C.)

Disclosure: General Assembly Meeting Results

The General Assembly Meeting of Oman Insurance Company P.S.C. ("Sukoon") was held on 2nd January 2024 at the company's head office in Dubai and virtually via www.smartagm.ae. The shareholders approved two special resolutions. The first resolution was to change the legal name of the company to "Sukoon Insurance PJSC" and implement the new name subject to regulatory approvals. The second resolution was to amend the Articles of Association of the company, also subject to regulatory approval. The information was communicated by Louise O'Donnell, EVP-Head of Strategy, International Operations, Legal, and Compliance. A copy of the communication 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, UAE.

1. Attached Document

ConsumerPrincess

ConsumerPrincess

Commented on FinanceBroAEDs Transaction regarding Oman Insurance Company (P.S.C.)

Interesting move buying Oman Insurance Company shares. Despite the recent dip in Financials, it could pay off in the long run. Keep an eye on market trends.
RealEstateKing

RealEstateKing

Commented on FinanceBroAEDs Transaction regarding Oman Insurance Company (P.S.C.)

Nice move with Oman Insurance Company, I'm eyeing them too. Just remember, the Financials sector can be tricky! Keep diversifying!
DFM News

DFM News

News Update From Oman Insurance Company (P.S.C.)

Disclosure: Results of Board Resolution by circulation

The Oman Insurance Company P.S.C. ("Sukoon") has announced a change in its board of directors. The company has appointed Mr. Badr Al Ghurair as Chairman of the Board, replacing Mr. AbdulAziz Al Ghurair. However, Mr. AbdulAziz Al Ghurair will remain a member of the board. The company has also communicated this decision to the Central Bank of UAE and the Securities and Commodities Authority. The announcement was made in a letter dated 27th December 2023, addressed to Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market.

1. Attached Document

DFM News

DFM News

News Update From Oman Insurance Company (P.S.C.)

Disclosure: Board Resolution by circulation

The Executive Chief Officer of the Dubai Financial Market, Mr. Hamed Ahmad Ali, has been informed by Louise O’Donnell, EVP-Head of Strategy, International Operations, Legal and Compliance of Oman Insurance Company P.S.C. ("Sukoon"), that the company's Board of Directors will pass a board resolution on the 26th of December 2023 to reconsider the chairmanship of the board. A copy of the notification 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, UAE.

1. Attached Document

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