Profile: ASCANA | Arabian Scandinavian Insurance Co.

DUBAI FINANCIAL MARKET (DFM)Trading Hours: Sun - Thu 10:00 am-2:00 pm

Arabian Scandinavian Insurance Co. ASCANA
ASCANA 0.00%
Insurance 0.15%
DFMGI 0.76%
Last Value
% Change
Price in AED Last Update : 02 Aug 2017 12:00 pm (local time)


Corporate Details
ISIN Code AEA001401016
Exchange Dubai
Sector Insurance
Auditors Deloitte & Touche
Company Description

Arabian Scandinavian Insurance Company is a United Arab Emirates based joint stock company that caters to the needs of various insurance segments in the Emirates.The Company holds the license of a composite insurance company and is also licensed to write medical insurance by Health Authority of Abu Dhabi (HAAD).

Company Activities

The principal activity of the Company covers all classes of general insurance and life assurance. Motor Insurance, Engineering Cover, Bank's Protection, Property Cover, Medical Insurance, Marine Insurance and General Accident are the various insurance products from the Arabian Scandinavian Insurance Company.

Equity Profile
Date Established Jan 1, 1978
Listing Date Jul 13, 2005
Paid-up Capital (AED) 140,000,000
Outstanding Shares 140,000,000
Shares Per Value 1
Contact Information

P.O. Box: 1993, Dubai, UAE

+9714 282 4403

+9714 282 5586



Company History

ASCANA was established in 1978 in cooperation with a group of entrepreneurs from Scandinavian countries, however, in 1992, ASCANA became a wholly National owned Company when the shareholders infused more capital to meet the minimum statutory requirements. ASCANA, currently, is a 100% Emirati owned insurance company, headed by its Chairman, His Highness Sheikh Butti Maktoum Juma Al Maktoum, who is from the reigning Ruling Family of Dubai.

Board Members & Senior Management
H.H. Al Sheikh Butti Bin Maktoum Bin Juma Al Maktoum Chairman
Mr. Ahmed Mohammed Amin Al Kazim Managing Director
Mr. Khalid Habib Mohammed Habib Al Redha Board of Directors
Mr. Majed Mohammed Amin Al Kazim Board of Directors
Mr. Faisal Aqeel Mohammed Noor Al Bastaky Board of Directors
Mr. Mohmoud Mohammed Hadi Hassan Board of Directors
Dr. Mohammad Saleem Al Olamah Board of Directors
Mr. Mohammed Yousef Majid Al Muhairi Board of Directors
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