Press releases, Reports & Disclosures for Sukoon Insurance PJSC

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.

Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. On February 17, 2025, the company's Board of Directors passed a resolution by circulation to approve the annual corporate governance report for the financial year 2024. This information was 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.

Sukoon Insurance PJSC, based in Dubai, UAE, is notifying Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, about an upcoming Board of Directors resolution. The resolution will be passed by circulation on February 17, 2025, at 10:00 am, and will include the approval of the corporate governance report for the financial year 2024. The notification is signed by Louise O’Donnell, Head of Claims Management & Legal, and a copy is sent to Mrs. 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. A notification was sent to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, regarding a resolution by circulation from the company's Board of Directors. This resolution will be passed on February 17, 2025, at 10:00 am, and will include the approval of the corporate governance report for the financial year 2024. The communication was sent by Louise O’Donnell, Head of Claims Management & Legal, with a copy to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.