Board Change • Feb 17
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Chairman Badr Abdulla Al Ghurair is the most experienced director on the board, commencing their role in 2023. Independent Vice Chairman of the Board Mohamed Abdel Abdel-Razek was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Feb 10
Sukoon Insurance PJSC, Annual General Meeting, Mar 02, 2026 Sukoon Insurance PJSC, Annual General Meeting, Mar 02, 2026, at 11:00 Arabian Standard Time. Location: dubai United Arab Emirates Announcement • Jan 30
Sukoon Insurance PJSC announces Annual dividend Sukoon Insurance PJSC announced Annual dividend of AED 0.2500 per share, ex-date on March 11, 2026 and record date on March 12, 2026. Announcement • Jan 26
Sukoon Insurance PJSC to Report Fiscal Year 2025 Results on Jan 28, 2026 Sukoon Insurance PJSC announced that they will report fiscal year 2025 results on Jan 28, 2026 Board Change • Nov 26
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Chairman Badr Abdullah Al Ghurair is the most experienced director on the board, commencing their role in 2023. Independent Vice Chairman of the Board Mohamed Abdel Abdel-Razek was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 24
Sukoon Insurance PJSC to Report Q3, 2025 Results on Oct 29, 2025 Sukoon Insurance PJSC announced that they will report Q3, 2025 results on Oct 29, 2025 Board Change • Aug 29
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Chairman Badr Abdullah Al Ghurair is the most experienced director on the board, commencing their role in 2023. Independent Vice Chairman of the Board Mohamed Abdel Abdel-Razek was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jul 21
Sukoon Insurance PJSC to Report Q2, 2025 Results on Jul 23, 2025 Sukoon Insurance PJSC announced that they will report Q2, 2025 results on Jul 23, 2025 Board Change • Jul 07
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Chairman Badr Abdullah Al Ghurair is the most experienced director on the board, commencing their role in 2023. Independent Vice Chairman of the Board Mohamed Abdel Abdel-Razek was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 21
Sukoon Insurance PJSC to Report Q1, 2025 Results on Apr 24, 2025 Sukoon Insurance PJSC announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Feb 10
Sukoon Insurance PJSC, Annual General Meeting, Feb 28, 2025 Sukoon Insurance PJSC, Annual General Meeting, Feb 28, 2025, at 11:00 Arabian Standard Time. Announcement • Jan 15
Sukoon Insurance PJSC to Report Fiscal Year 2024 Results on Jan 17, 2025 Sukoon Insurance PJSC announced that they will report fiscal year 2024 results on Jan 17, 2025 Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: د.إ0.10 (vs د.إ0.12 in 2Q 2023) Second quarter 2024 results: EPS: د.إ0.10 (down from د.إ0.12 in 2Q 2023). Revenue: د.إ1.34b (up 15% from 2Q 2023). Net income: د.إ44.5m (down 17% from 2Q 2023). Profit margin: 3.3% (down from 4.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 18
Sukoon Insurance PJSC to Report Q2, 2024 Results on Jul 23, 2024 Sukoon Insurance PJSC announced that they will report Q2, 2024 results on Jul 23, 2024 Announcement • Feb 08
Sukoon Insurance PJSC, Annual General Meeting, Feb 29, 2024 Sukoon Insurance PJSC, Annual General Meeting, Feb 29, 2024, at 07:00 Coordinated Universal Time. Location: Omar Bin Al Khattab Street, next to Al Ghurair Mall, Deira Dubai United Arab Emirates Agenda: To consider and approve the Board of Directors' Report on the Company's activity and its financial position for the fiscal year ended on 31/12/2023; to consider and approve the Auditor's Report for the fiscal year ended on 31/12/2023; to consider and Discuss and approve the Company's balance sheet and profit and loss account for the fiscal year ended on 31/12/2023; to Consider the Board of Directors' proposal regarding distribution of cash dividends of 20% of the share capital amounting AED 92,374,425 (AED 20 fils per share) for the fiscal year 2023; and to transact such other business matters. Announcement • Jan 26
Oman Insurance Company P.S.C. to Report Fiscal Year 2023 Results on Jan 25, 2024 Oman Insurance Company P.S.C. announced that they will report fiscal year 2023 results at 9:30 AM, Arabian Standard Time on Jan 25, 2024 Board Change • Dec 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 08
Oman Insurance Company P.S.C., Annual General Meeting, Jan 02, 2024 Oman Insurance Company P.S.C., Annual General Meeting, Jan 02, 2024. Board Change • Nov 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Oct 20
Oman Insurance Company P.S.C. to Report Q3, 2023 Results on Oct 25, 2023 Oman Insurance Company P.S.C. announced that they will report Q3, 2023 results on Oct 25, 2023 Board Change • Sep 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 12
Oman Insurance Company P.S.C. (DFM:OIC) signed an agreement to acquire UAE Lifeinsurance portfolio of Chubb Tempest Life Reinsurance Ltd. Oman Insurance Company P.S.C. (DFM:OIC) signed an agreement to acquire UAE Lifeinsurance portfolio of Chubb Tempest Life Reinsurance Ltd. on August 24, 2023.The transfer which covers unit-linked life insurance and protection policies, is subject to regulatory approvals. Board Change • Sep 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: د.إ0.12 (vs د.إ0.12 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.12 (down from د.إ0.12 in 2Q 2022). Revenue: د.إ1.19b (up 192% from 2Q 2022). Net income: د.إ53.4m (down 4.2% from 2Q 2022). Profit margin: 4.5% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: د.إ0.15 (vs د.إ0.14 in 1Q 2022) First quarter 2023 results: EPS: د.إ0.15 (up from د.إ0.14 in 1Q 2022). Revenue: د.إ95.3m (down 76% from 1Q 2022). Net income: د.إ68.2m (up 1.8% from 1Q 2022). Profit margin: 72% (up from 17% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Mar 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jan 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Non-Executive Non-Independent Vice Chairman Ali Rashed Ali Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: د.إ0.15 (vs د.إ0.13 in 1Q 2021) First quarter 2022 results: EPS: د.إ0.15 (up from د.إ0.13 in 1Q 2021). Revenue: د.إ399.6m (down 5.0% from 1Q 2021). Net income: د.إ67.1m (up 11% from 1Q 2021). Profit margin: 17% (up from 14% in 1Q 2021). The increase in margin was driven by lower expenses. Board Change • Mar 07
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Vice Chairman Ali Rashid Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 14
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Vice Chairman Ali Rashid Lootah was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Vice Chairman Ali Rashid Lootah was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Vice Chairman Ali Rashid Lootah was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Vice Chairman Ali Rashid Lootah was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Vice Chairman Ali Rashid Lootah was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Vice Chairman Ali Rashid Lootah was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 12
First quarter 2021 earnings released: EPS د.إ0.13 (vs د.إ0.12 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: د.إ420.6m (down 8.1% from 1Q 2020). Net income: د.إ60.3m (up 9.2% from 1Q 2020). Profit margin: 14% (up from 12% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS د.إ0.42 (vs د.إ0.41 in FY 2019) The company reported a decent full year result with improved earnings, although revenues and profit margins were flat. Full year 2020 results: Revenue: د.إ1.72b (flat on FY 2019). Net income: د.إ194.3m (up 3.9% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Oman Insurance Company P.S.C. (DFM:OIC) completed the acquisition of an additional 49% stake in Dubai Starr Sigorta A S. Oman Insurance Company P.S.C. (DFM:OIC) signed a letter of intent to acquire an additional 49% stake in Dubai Starr Sigorta A S on February 3, 2020. Transaction is subject to regulatory approval. Itir Çiftçi of CIFTCI Law Firm provided legal advise to Oman Insurance Company P.S.C.
Oman Insurance Company P.S.C. (DFM:OIC) completed the acquisition of an additional 49% stake in Dubai Starr Sigorta A S on March 3, 2020.