Sukoon acquires an additional stake in Ascana

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.