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Arabian Scandinavian Insurance - Takaful

ASCANA
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Daily Summary -

  • Market: DFM
  • Symbol: ASCANA
  • ISIN: AEA001401016
  • Sector: Insurance

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Arabian Scandinavian Insurance Company P.L.C. – Dubai (the "Company") is a Public Shareholding Company, registered in the United Arab Emirates in 1992. The Company is subject to the regulations of UAE Federal Law No. 6 of 2007, on Establishment of Insurance Authority and Organization of its operation and is registered in the Insurance Companies register of Insurance Authority of UAE under registration number 6.

The principal activity of the Company is the writing of all classes of general insurance business and life assurance and till date the Company has written general insurance business only.

Key Facts

ESTABLISHED

Jan 1, 1978

AUDITOR

Grant Thornton UAE

FISCAL YEAR END

DECEMBER

REGISTRAR

Arabian Scandinavian Insurance Company - Takaful

Board Members

CHAIRMAN

H.H. Sheikh Butti Bin Maktoum Bin Juma Al Maktoum

DEPUTY

Mr. Ahmad Mohd Amin M Seddiq Al Kazim

MEMBERS

Mr. Majed Mohd Amin Mohd Seddiq Al Kazem
Mr. Faisal Aqil Mohamed Noor Zainal Al Bastaki
Mr. Mahmood Mohammad Hadi Hassan
Dr. Mohammad Salim Alolama
Mr. Khalid Habib Mohammad Habib Al Redha

Top Management

Manager - HR & Legal

Mr. Mohd Belbeissi

Manager - Finance

Mr. Sunil Kumar 

Manager - Technical

Mr. A.H. Barqawi

Manager - Technical

Mr. V. Rajendran

Manager - Motor Dept

Mr. Motasem Ahmad Oklah

Manager - Medecal & Life
Mr. Rusiru Thilanka

Equity Profile

DATE OF LISTING

Jul 13, 2005

SECTOR

Insurance

AUTHORIZED CAPITAL:

154,000,000.00 UAE Dirham

ISSUED SHARES:
154,000,000

PER VALUE SHARE

1.00 UAE Dirham

Contact Details

Head Office

Al Garhoud - Dubai

Address

P.O. Box: 1993, Dubai, UAE

Phone No.

+971 4 282 4403

Fax No.

+971 4 282 5586

Email address:

ascana@emirates.net.ae

Website

http://www.ascana.net/

Showing Last 10 Disclosures - ASCANA View all
ASCANA 17-03-2019 02:58 AM

Invitation of General Assembly

1 File(s)
ASCANA 27-02-2019 08:08 AM

Financial statements for the year of 2018

1 File(s)
ASCANA 27-02-2019 08:05 AM

Financial statements for the year of 2018

1 File(s)
ASCANA 26-02-2019 03:02 AM

Results of BOD meeting

1 File(s)
ASCANA 21-02-2019 09:05 AM

BOD meeting

1 File(s)
ASCANA 14-02-2019 08:51 AM

Preliminary financial results for the year of 2018

1 File(s)
ASCANA 30-10-2018 08:48 AM

Results of BOD meeting including financial statements for the 3rd QTR of 2018

2 File(s)
ASCANA 30-10-2018 08:48 AM

Financial statements for the 3rd QTR of 2018

1 File(s)
ASCANA 07-10-2018 02:52 AM

BOD meeting

1 File(s)
ASCANA 06-08-2018 07:56 AM

Financial statements for the 2nd QTR of 2018

1 File(s)
Showing Last 10 Issuer News - ASCANA View all
No data could be found.
Showing Last 10 Financial Reports - ASCANA View all
ASCANA 27-02-2019 08:05 AM

Financial statements for the year of 2018

1 File(s)
ASCANA 30-10-2018 08:48 AM

Financial statements for the 3rd QTR of 2018

1 File(s)
ASCANA 06-08-2018 07:56 AM

Financial statements for the 2nd QTR of 2018

1 File(s)
ASCANA 13-05-2018 08:45 AM

Financial statements for the 1st QTR of 2018

1 File(s)
ASCANA 31-12-2017 10:30 AM

Financial statements for the year of 2017

1 File(s)
ASCANA 07-11-2017 02:32 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
ASCANA 30-06-2017 11:47 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
ASCANA 15-05-2017 08:21 AM

Financial statements for the 1st QTR of 2017

1 File(s)
ASCANA 01-03-2017 12:48 AM

Financial statements for the year of 2016

1 File(s)
ASCANA 30-09-2016 02:59 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
Showing Last 10 General Meetings - ASCANA View all
No data could be found.
Top ShareholdersLast Refreshed at: 21 March 2019

Individual Investors

ShareholdersPercentage
MAJED MOHAMMAD AMIN ALKAZEM 25.34%
SH.BUTTI M J ALMAKTOUM 18.60%
AHMAD MOHD AMIN M SEDDIQ ALKAZIM 12.31%
RAWYA MOHD AMIN MOHD AQEEL ALKAZEM 10.67%
REHAB MOHAMEDAMIN MOHAMEDSIDDIQ ALKADHIM10.67%
FAWZEYA ABDULRAZAQ MOHD SALEH ALKAZEM 5.15%

  • 1 EN
    1

    Article of Association - 0001

Foreign Investments View all
National GCC Foreign
Country of Origin Actual Permitted Actual Permitted Actual Permitted As of Date:
AE 100% 100% % % % % 21-03-2019
Showing Last 10 Corporate Governance Reports - ASCANA View all
  • 12-03-2018

    ASCANA_Corporate Governance Report _2017

  • 03-04-2017

    ASCANA - CGR 2016

  • 24-03-2015

    Corporate Governance Report - ACSANA 2015

  • 01-01-2013

    Corporate Governance Report ASCANA 2013

  • 01-01-2011

    Corporate Governance Report ASCANA 2011

Showing Corporate Actions - ASCANA View all
Year2018Corporate Action TypeCash dividends
Last Date For Action Entitlement4/18/2018Ex-Dividend Date4/19/2018
Register Closing (Settlement) Date4/22/2018Trading Suspension Date1/1/1900
Trading Resuming Date1/1/1900Run (Effective) Date1/1/1900
Corporate Action DetailsDistribute 3% cash dividends as agreed at the GA held on 10/04/2018
Year2017Corporate Action TypeCash dividend
Last Date For Action Entitlement4/19/2017Ex-Dividend Date4/20/2017
Register Closing (Settlement) Date4/24/2017Trading Suspension Date1/1/1900
Trading Resuming Date1/1/1900Run (Effective) Date1/1/1900
Corporate Action DetailsDistribute 17% cash dividends as agreed at the GA held on 11/04/2017
Year2016Corporate Action TypeCash dividends
Last Date For Action Entitlement3/29/2016Ex-Dividend Date3/30/2016
Register Closing (Settlement) Date3/31/2016Trading Suspension Date3/21/2016
Trading Resuming Date3/21/2016Run (Effective) DateNot Available
Corporate Action DetailsDistribute 7% cash dividends as agreed at the GA held on 21/03/2016
Year2015Corporate Action TypeCash Dividends
Last Date For Action EntitlementNot AvailableEx-Dividend DateNot Available
Register Closing (Settlement) DateNot AvailableTrading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 16/03/2015
Year2014Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/26/2014Ex-Dividend Date3/27/2014
Register Closing (Settlement) Date3/30/2014Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed at the AGM held on 19/03/2014
Year2014Corporate Action TypeBonus Shares
Last Date For Action Entitlement3/26/2014Ex-Dividend Date3/27/2014
Register Closing (Settlement) Date3/30/2014Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue 10% bonus shares as agreed at the EGM held on 19/03/2014 leading the number of shares reaches 154000000
Year2013Corporate Action TypeCash Dividends
Last Date For Action Entitlement3/27/2013Ex-Dividend Date3/28/2013
Register Closing (Settlement) Date3/31/2013Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 20/03/2013
Year2012Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/27/2012Ex-Dividend Date3/28/2012
Register Closing (Settlement) Date3/29/2012Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 19/03/2012.
Year2010Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/10/2010Ex-Dividend Date3/11/2010
Register Closing (Settlement) Date3/14/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 03/03/2010.
Year2008Corporate Action TypeCash Dividends Distributions
Last Date For Action Entitlement3/18/2008Ex-Dividend Date3/19/2008
Register Closing (Settlement) Date3/23/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the AGM held on 10/03/2008.
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement3/18/2008Ex-Dividend Date3/19/2008
Register Closing (Settlement) Date3/23/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed in their AGM held on 10/03/2008.
Year2006Corporate Action TypeStock Split
Last Date For Action Entitlement3/13/2006Ex-Dividend Date3/14/2006
Register Closing (Settlement) Date3/15/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/15/2006
Corporate Action DetailsSplit the shares from AED 1 to AED 10 activated as agreed at the Extraordinary Meeting held on 07/03/2006. Number of shares becomes 140,000,000.
Year2006Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement3/13/2006Ex-Dividend Date3/14/2006
Register Closing (Settlement) Date3/15/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/15/2006
Corporate Action DetailsIssue bonus shares in the ratio of (40%) activated as agreed at the Extraordinary Meeting held on 07/03/2006. Number of shares becomes 14,000,000.
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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