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Takaful Oman Insurance Saog (Oman)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Takaful Oman Insurance Saog Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Takaful Oman Insurance SAOG is a public joint stock company located in Muscat, Oman. The company was incorporated on February 3, 2014, and received a license from the Capital Market Authority on April 5, 2014, to begin operations. Takaful Oman Insurance manages General and Family takaful activities using a Hybrid model that combines Wakala and Mudaraba models. The company operates in accordance with Islamic Shari'a principles. Takaful Oman Insurance has agents and branches throughout the Sultanate of Oman to distribute its products.

Headquarters
Taminat Complex, Building No 55/9, Street No 53, 6Th Floor, Al Ghubrah St, Bousher, P.O.Box 207
Muscat; Musqat; Postal Code: 134

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Website: http://www.takafuloman.om

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2014
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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49.18%
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10.5%
Company Performance
Financial values in the chart are available after Takaful Oman Insurance Saog report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency OMR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
39.38%
Operating profit (EBIT)
-6.27%
Net Profit (Loss) for the Period
-52.75%
Total assets
-5.67%
Investments
14.94%
Receivables
-0.89%
Total equity
1.3%
Net Premiums Earned Trend
18.51%
Net Profit Trend
N/A
Return on Equity (ROE)
-4.66%
Loss Ratio
12.12%
Underwriting Expenses Ratio
-118.01%

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