Sukoon Insurance PJSC

Sukoon Insurance PJSC reported strong financial performance for the third quarter of 2025, achieving a record profit before tax of AED 303.2 million, which is a 56% increase compared to the previous year. Insurance revenue grew by 20% year-on-year to AED 4.7 billion, and insurance services increased by 23% to AED 193.3 million. Investment income also rose by 54% to AED 205.2 million. The company's success is attributed to strong underwriting performance and a disciplined investment strategy. Interim CEO and CFO Hammad Khan highlighted the impact of the UAE's economic growth and digital transformation on the insurance sector. Sukoon's solvency ratio exceeded 270%, well above the regulatory minimum, and total assets reached AED 11.1 billion. The company's financial strength is supported by ratings of A from S&P and A2 from Moody's. These results reinforce Sukoon's position as a leading and financially secure insurer in the UAE.

On October 29, 2025, a Board of Directors meeting for Sukoon Insurance PJSC was held at their head office in Dubai and via video conferencing. During the meeting, the board approved the financial statements for the third quarter of 2025, as well as charters for the Board Risk Committee, Audit Committee, and Investment Committee. The notification was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, with a copy sent to H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi.

The document is a review report and condensed consolidated interim financial information for Sukoon Insurance P.J.S.C. and its subsidiaries, covering the nine-month period ending on September 30, 2025.

A notification was sent to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, regarding a Board of Directors meeting for Sukoon Insurance PJSC. The meeting is scheduled for October 29, 2025, at 10:00 am, to be held at the company's head office on Omar Bin Al Khattab Street, Deira, Dubai, and via the 'Teams' platform. The agenda includes approving the financial statements for Q3 2025, the Board Risk Committee Charter, the Audit Committee Charter, the Investment Committee Charter, and discussing general business matters. The notification was sent by Rana Attieh, Board Secretary, and a copy was also sent to H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.

Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. On October 7, 2025, the company's Board of Directors passed a resolution by circulation to update the trade license of Synergize Services FZ-LLC. This update reflects the appointment of Hammad Raza Khan as the new Acting CEO, replacing the former CEO, Jean-Louis Laurent Josi. The communication was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy was sent to H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi.

Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. The company's Board of Directors passed a resolution by circulation on October 6, 2025, approving the update of the trade license to reflect the appointment of Hammad Raza Khan as the new Acting CEO, replacing the former CEO, Jean-Louis Laurent Josi. The communication was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy was sent to H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi.

Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. A notification was sent to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, regarding a resolution to be passed by the company's Board of Directors by circulation on October 7, 2025. The agenda includes approving the update of Synergize Services FZ-LLC's trade license to reflect the new Acting CEO, Hammad Raza Khan, replacing the former CEO, Jean-Louis Laurent Josi. The communication was also copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO at the Securities and Commodities Authority.

Sukoon Insurance PJSC has issued a notification to Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, regarding a resolution to be passed by the company's Board of Directors on October 6, 2025, at 10:00 am. The resolution involves updating the trade license of Sukoon Insurance and its subsidiaries to reflect the appointment of Hammad Raza Khan as the new Acting CEO, replacing the former CEO, Jean-Louis Laurent Josi. The notification is also copied to Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.

Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. On September 26, 2025, the company's Board of Directors passed a resolution by circulation, approving the mid-year underwriting performance report and pricing report as of June 30, 2025. The communication was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and was copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

Sukoon Insurance PJSC is notifying Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, that the company's Board of Directors will pass a resolution by circulation on September 26, 2025, at 10:00 am. The agenda includes approving the mid-year underwriting performance report and pricing report as of June 30, 2025. The notification is also copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.