Company Oman Insurance Company

Equities

SUKOON

AEO000101014

Multiline Insurance & Brokers

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3.9 AED -.--% Intraday chart for Oman Insurance Company -.--% -.--%

Business Summary

Oman Insurance Company PSC, a subsidiary of Mashreq Bank (PSC), is a United Arab Emirates-based company engaged in the business of issuing short-term and long-term insurance contracts, which are issued in connection with general insurance, individual life, group life, personal accident, medical and investment linked funds. The Company is organized into three business segments: the General Insurance segment comprises property, motor, general accident, aviation and marine risks; the Life Insurance segment includes individual life (participating and nonparticipating), medical, group life and personal accident, as well as investment linked funds, and the Investment segment comprises financial and non-financial investments. The Company also has operations in Oman and Qatar. As of December 31, 2011, the Company held 99.97%-stake in its subsidiary, Equator Trading Enterprises LLC. In September 2012, the Company acquired 51% stake in Dubai Group Sigorta SA.

Number of employees: 650

Sales per Business

AED in Million2022Weight2023Weight Delta
Non-Life Insurance
96.7 %
677 35.6 % 4,492 96.7 % +563.83%
Life Insurance
3.3 %
1,101 57.8 % 152 3.3 % -86.16%

Sales per region

AED in Million2022Weight2023Weight Delta
Gulf Cooperation Council Countries
98.9 %
1,834 96.4 % 1,113 98.9 % -39.29%
Non Gulf Cooperation Council Countries
1.1 %
69 3.6 % 12 1.1 % -82.75%

Managers

Managers TitleAgeSince
Chief Executive Officer - 18-03-31
Director of Finance/CFO - 18-03-04
Compliance Officer - 13-04-30
Chief Tech/Sci/R&D Officer - 18-07-31
Chief Operating Officer - 12-05-31
Sales & Marketing - 13-06-01
Corporate Officer/Principal - -
Human Resources Officer - 11-03-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member - -
Director/Board Member - -
Director/Board Member - -
Director/Board Member - -
Chairman - -
Director/Board Member - 22-04-11

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 461,872,125 162,746,648 ( 35.24 %) 0 35.24 %

Shareholders

NameEquities%Valuation
Mashreq Capital DIFC Ltd. (Investment Management)
64.76 %
299,125,479 64.76 % 318 M AED

Holdings

NameEquities%Valuation
78,540,000 51.00% 35,289,593 $

Company contact information

Sukoon Insurance PJSC

Oman Insurance Building Omar Bin Al Khattab Street

, Dubai

+971 4 233 7777

http://www.sukoon.com
address Oman Insurance Company(SUKOON)
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