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Sukoon Insurance previously known as Oman Insurance Company (Arabic: شركة عُمان للتأمين "سكون" ش.م.ع) is a composite insurance company headquartered in Dubai, UAE that sells insurance for individuals and businesses in UAE and Oman. [2]
OMAN: The company is a dominant player in health insurance industry with a market share of over 65% in Oman and is a well recognized brand, providing insurance protection to nearly 200,000 individuals. [3] The company contributed RO 175,000 towards Endowment Fund for supporting government initiatives to overcome the threat of COVID-19. [2] UAE:
It was founded in 2006 as an insurance company. [1] In 2014, the Capital Market Authority granted Al Madina a takaful license. [1] Al Madina then converted all its insurance business to become Sharia-compliant and became the first takaful company in Oman. [2] After the conversion, Al Madina embarked on acquisitions to expand its operations.
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Oman International Development and Investment Company SAOG (commonly known as Ominvest) is an investment holding company based in Oman.It holds significant stakes in various Omani companies, ranging from financial services, property development, food, and the industrial sector.
Qatar Insurance Group (QIC, QIC Group) is a Qatari insurance company, headquartered in Doha. [1] [2] QIC Group was listed 73rd on Forbes Middle East top 100 companies in 2022 [3] and 72nd on the Fortune 500 Arabia list for 2023. [4] QIC was established in 1964 as the first domestic insurance company in Qatar. [5]
Barwani is a non-executive director of a number of publicly traded and joint stock companies, Al Madina Insurance co. SAOG, Al Madina Investments SAOG (Muscat Stock Market), Nautilus Minerals. [13] He was formerly a non-executive director of Oman Air, Shell Oman Marketing Company, Taageer Leasing Company, Oman, and National Bank of Oman. [14]
Oman is an absolute monarchy led by a sultan, with power passed down through the male line. Qaboos bin Said was the Sultan from 1970 until his death on 10 January 2020. Qaboos, who died childless, had named his cousin, Haitham bin Tariq, as his successor in a letter, and the ruling family confirmed him as the new Sultan of Oman.