Sukoon completes the acquisition of ASCANA

Sukoon has finalized the acquisition of 93% of Arabian Scandinavian Insurance Company (ASCANA).

The Emirati insurer, formerly known as Oman Insurance Company, had signed an agreement in December 2022 to acquire a majority stake in the capital of the takaful company, listed on the Dubai Stock Exchange.

Sukoon intends to submit an offer to acquire ASCANA's remaining shares.