GCC: Revenue of 76 listed insurers rises by 19% to US$32.2bn in FY2023

Published on April 1, 2024
Price increases, regulatory enforcement, M&A activity and generally favourable economic conditions have boosted the insurance revenue of 76 listed insurers in the GCC region for a second consecutive
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UAE: Sukoon to acquire another 1.57% stake in takaful company

April 1, 2024
Sukoon Insurance Company has announced that it had received acceptances for 2,411,030 shares which represent 1.57% of the shares of Arabian Scandinavian Insurance Company - Takaful (ASCANA).

GCC: Saudi insurers lead the region in insurance revenue and net profit

April 1, 2024
Four insurers from Saudi Arabia are on the list of the 10 biggest insurance companies in the GCC in terms of insurance revenue, according to data set out in the "FY2023: GCC Performance Periodical".