Sukoon completed the acquisition of a 93% stake in ASCANA.

Sukoon, an insurance provider, completed the acquisition of a 93% stake in ASCANA, an insurance company. Financial terms were not disclosed. “This acquisition will not only strengthen Sukoon’s ability to meet a wider range of customer needs with Shariah-compliant products, but it will also allow ASCANA to leverage Sukoon’s strong heritage, market positioning and specialised underwriting capabilities," Jean-Louis Laurent Josi, Sukoon CEO.