Dubai – Mubasher: Arabian Scandinavian Insurance Company (Takaful - ASCANA Insurance) has rebranded itself to Sukoon Takaful, embracing the Sukoon Takaful brand in its entirety.
The DFM-listed company has fully embraced the Sukoon Takaful brand which was first revealed in December 2023, according to a bourse disclosure.
Ahmed Abushanab, the CEO of Sukoon Takaful, said: "As we embark on this transformative journey, we are proud to introduce Sukoon Takaful as the embodiment of our commitment to innovation and client-centricity.”
“We are now more confident than ever to reinforce our position as a reference in the region for customer excellence,” Abushanab continued.
Sukoon Takaful provides a range of Sharia-compliant solutions aimed at addressing protection needs for property, marine, engineering, general accidents, and more.
In the first quarter (Q1) of 2024, the company turned profitable at AED 3.06 million, compared to net losses valued at AED 14.04 million in Q1-23.
Earnings per share (EPS) hit AED 0.02 in the first three months (3M) of 2024, versus AED 0.09 a year earlier.
Total assets dropped to AED 356.33 million in Q1-24 from AED 372.93 million as of 31 December 2023.
