Sukoon has acquired an additional 1.57% stake in Arabian Scandinavian Insurance Company (ASCANA).
As a result of this operation, the Emirati insurer's stake in Ascana has been raised from 93.04% to 94.61%.
It should be recalled that Sukoon signed an agreement in December 2022 to acquire a majority stake in the Emirati takaful insurance company, a deal that the insurer finalized in May 2023.
Read also | UAE insurance market: 2023 results [4]
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-210-april-2023
[4] https://www.atlas-mag.net/en/category/pays/emirats-arabes-unis/uae-insurance-market-2023-results