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Sukoon Insurance announced strong financial results for the first quarter of 2026, showing growth across key financial indicators. The company reported a 19% year-on-year increase in Gross Written Premiums to AED 2.3 billion, a 28% rise in insurance service results to AED 115.1 million, and a 9% increase in investment income to AED 80.5 million. Profit before tax rose by 24% to AED 141.7 million. Sukoon's total equity increased by 11% to AED 3.34 billion, and it maintains a strong solvency ratio of approximately 265% as of December 31, 2025. The company holds an A rating from Standard & Poor’s and an A2 rating from Moody’s. Interim CEO and CFO Hammad Khan highlighted the company's consistent performance and focus on customer needs, digital capability, and product offerings. Sukoon aims to continue building on its progress and reinforce its position as a reliable insurance provider in the UAE.

The document is a communication from Badreldin Eltahir Elmogadam, General Counsel and Board of Directors’ Secretary, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market in the United Arab Emirates. It summarizes the results of the Board of Directors Meeting #2/2026, held on April 29, 2026. The meeting included the approval of the minutes from the previous meeting, discussion and approval of the financial statements for the first quarter of 2026, and follow-up on routine activities of the bank with the issuance of related resolutions.

The document is a review report and condensed consolidated interim financial information for Sukoon Insurance P.J.S.C. and its subsidiaries, covering the three-month period ending on March 31, 2026.

Ajman Bank PJSC has released its review report and condensed consolidated interim financial information for the three-month period ending on March 31, 2026.

On April 29, 2026, a Board of Directors meeting for Sukoon Insurance PJSC was held at the company's head office in Dubai and via Teams video conferencing. During the meeting, the board approved several items: the appointment of the external actuary "Badri" for Q2-Q4 2026 and Q1 2027, the Compliance Manual and Policies, the practice of phone marketing, and the financial statements for Q1 2026. Other general business matters were also discussed. The notice was sent by Rana Attieh, Corporate Governance Manager and Group Board Secretary, with a copy to H.E. Waleed Saeed Al Awadhi, CEO of the Capital Market Authority in Abu Dhabi.

The Islamic Arab Insurance Company – SALAMA has appointed Mr. Ravikanth Petluri as the Chief Financial Officer. This appointment follows the necessary regulatory approvals from the Central Bank of the UAE, in accordance with the Corporate Governance Regulations for Insurance Companies. The announcement was made by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.

The Islamic Arab Insurance Company (SALAMA) has appointed Mr. Ravikanth Petluri as its Chief Financial Officer. This appointment follows the necessary regulatory approvals from the Central Bank of the UAE, in accordance with the Corporate Governance Regulations for Insurance Companies. The announcement was made by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.