 | Company: Arabian Scandivanian (ASANA) |
| Date of creation: 1978 |
| Classes of business: Life and non life |
| Geographical presence: 1 office in UAE |
Arabian Scandivanian (ASANA): contact
| Head office | 3rd Floor, Al Kazim Building, Al Garhoud Area, Dubai, United Arab Emirates |
| Phone | +971 4 2824403 |
| E-mail | customercare [at] ascanatakaful [dot] ae |
| Website | https://ascanatakaful.ae/ |
Arabian Scandivanian (ASANA): management
| Chairman of the board of directors | Butti Bin Maktoum Bin Juma Al Maktoum |
| CEO | Khalid Ahmad Amin Al Kazim |
Arabian Scandivanian (ASANA): share capital, shareholder’s equity and shareholding
Figures in USD| | 2021 | 2020 | ▲ |
| Share capital | 41 922 000 | 41 922 000 | - |
| Shareholder’s equity | 84 320 000 | 86 847 000 | -2.91% |
| Main shareholders | % | | % |
| Majid Mohammed Amin M Seddiq Al Kazim | 25.3375 | Ahmed Mohammed Amin M Seddiq Al Kazim | 9.7481 |
| Fawzia AbdelRazaq Al Kazim | 10.6721 | Chimera Capital Management | 5.1544 |
| Rawya Mohamed Al kazem | 10.6721 | Khalid Habib Mohammad Habib Al Redha | 1.5807 |
Arabian Scandivanian (ASANA): turnover and result
Figures in USD
| | 2021 | 2020 | ▲ |
| Turnover | 33 453 000 | 29 682 000 | 12.7% |
| Net result | 1 753 000 | 7 996 000 | -78.08% |
Arabian Scandivanian (ASANA): main indicators
Figures in %| | 2021 | 2020 | ▲ |
| Net loss ratio (1) | 62.34 | 57.95 | 7.58 |
| Net management expenses ratio (1) | 63.77 | 62.69 | 1.72 |
| Net combined ratio (1) | 126.11 | 120.64 | 4.53 |
| Shareholder's equity / Technical reserves | 19.55 | 23.22 | -15.81 |
| Shareholder's equity / Gross written premiums | 77.49 | 77.95 | -0.59 |
| Net result / Gross written premiums | 4.43 | 13.46 | -67.10 |
| Net result / Shareholder's equity (ROE) | 5.71 | 17.26 | -66.91 |
(1) Calculated only for the non life activity.
Notes:
- Net loss ratio = Net incurred losses (paid losses+outstanding losses ) / Net earned premiums
- Net management expenses ratio = Overhead expenses and acquisition costs / Net written premiums
- Net combined ratio = Loss ratio + Management expenses ratio
Exchange rate as at 31/12/2020 : 1 AED = 0.27222 USD ; at 31/12/2021 : 1 AED = 0.27222 USD
