Sukoon completes the acquisition of ASCANA

SukoonSukoon 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.

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