Published on Atlas Magazine (https://www.atlas-mag.net)

Home > Printer-friendly

Sukoon approved to acquire Ascana

Tweet [1] [2]
Magazine Issue: 
Atlas Magazine, 20 years of publication [3]
Magazine date: 
Apr 2023

SukoonThe Central Bank of the United Arab Emirates (CBUAE) and the Securities and Commodities Authority (SCA) have approved Sukoon's acquisition of 93% of the capital of Arabian Scandinavian Insurance - Takaful (Ascana).

The transaction, announced in December 2022, is part of the Emirati insurer's strategy to consolidate its presence in the GCC zone and to penetrate the takaful market.

This is Sukoon's second major deal after the one concluded in November 2022 concerning the acquisition of Generali's life portfolio [4] in the United Arab Emirates.

Mon, 17/04/2023 - 13:22

Source URL: https://www.atlas-mag.net/en/category/pays/emirats-arabes-unis/sukoon-approved-to-acquire-ascana

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Femirats-arabes-unis%2Fsukoon-approved-to-acquire-ascana&text=Sukoon+approved+to+acquire+Ascana
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Femirats-arabes-unis%2Fsukoon-approved-to-acquire-ascana&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-200-april-2023
[4] https://www.atlas-mag.net/en/category/pays/emirats-arabes-unis/sukoon-finalizes-the-acquisition-of-generali-s-life-portfolio-in-the-united-arab-emirates