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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.
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 Company (QIC) was established in 1964 with the involvement of the Qatari government and private investors. [6] It was one of the first insurance companies in Qatar. QIC expanded its operations to the United Arab Emirates, Oman, and Kuwait in subsequent years. [7]
National Takaful Company (Watania) PJSC (Arabic: وطنية للتكافل) is a takaful company based in Abu Dhabi, United Arab Emirates.. The company was created in 2011 by Abu Dhabi National Islamic Finance, Abu Dhabi National Insurance Company, TAQA and Aldar Properties. [4]
Orient: Founded by Al-Futtaim in 1982, Orient is the largest insurance company in the United Arab Emirates by financial capital, with up to 500 million AED (approx. 136.1 million USD). Headquartered in Dubai, it works with major clients in Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah, as well as Oman and Bahrain. [19]
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