Press releases, Reports & Disclosures for Sukoon Insurance PJSC

The document is a report from the Board of Directors and independent auditor of Oman Insurance Company P.S.C. and its subsidiaries. It includes the consolidated financial statements for the year ending on 31st December 2023. The report is likely to provide an overview of the company's financial performance and operations during the year.

Sukoon Insurance has won the 'UAE Insurer' award for the second consecutive year at the 2024 MENA Insurance Review Awards ceremony in Dubai. The company was recognized for its heavy investment in innovative solutions, focus on service excellence, and significant achievements throughout the year. CEO Jean-Louis Laurent Josi attributed the win to the company's strategic commitment to digital solutions and customer experience enhancement, as well as the dedication of the Sukoon team, partners, and customers. The MENA Insurance Awards annually acknowledge insurers, reinsurers, and brokers in the MENA region for their exceptional customer service and innovative product development.

Sukoon Insurance PJSC held a Board of Directors meeting on January 25, 2024, where several key decisions were made. The board approved the preliminary financial statements for the fiscal year ending December 31, 2023, pending final approval from the Central Bank of the UAE. They also approved the company's budget, business plan, and reinsurance plan for 2024. The board agreed in principle on the report of the company's activity and financial position for the fiscal year ending December 31, 2023, subject to final approval from the Central Bank. They also approved in principle the external auditor's report, pending final approval from the Central Bank. The board decided to convene the Annual General Assembly Meeting, subject to approval from the Central Bank and the Securities and Commodities Authority. They also resolved to propose a dividend distribution for the year ending December 31, 2023, pending approval from the Central Bank. The board decided to recommend paying the board members' remuneration for 2023 and to propose the appointment of the company's external auditors for 2024 to the General Assembly. They approved the composition of the Audit Committee, with Mr. Nabeel Waheed as Chairman.