‎Fitch revises Tawuniya outlook to Stable, affirms ‘A’ rating

‎Fitch revises Tawuniya outlook to Stable, affirms ‘A’ rating ‎Fitch revises Tawuniya outlook to Stable, affirms ‘A’ rating

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Logo ofThe Company for Cooperative Insurance (Tawuniya)

The Company for Cooperative Insurance (Tawuniya) received Fitch Ratings’ credit rating report, which revised its outlook from Positive to Stable, while affirming its insurer financial strength rating at ‘A’.

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In a statement on Tadawul, the insurer said the rating affirmation reflects its leading position in the Saudi insurance market, underpinned by its very strong financial performance, robust capitalization, and solid leverage metrics.

Tawuniya reaffirmed its commitment to maintaining its solid financial position and continuing to execute its strategy to achieve sustainable growth and enhance shareholder value.

 

Logo ofThe Company for Cooperative Insurance (Tawuniya)

The Company for Cooperative Insurance (Tawuniya) received Fitch Ratings’ credit rating report, which revised its outlook from Positive to Stable, while affirming its insurer financial strength rating at ‘A’.

In a statement on Tadawul, the insurer said the rating affirmation reflects its leading position in the Saudi insurance market, underpinned by its very strong financial performance, robust capitalization, and solid leverage metrics.

Tawuniya reaffirmed its commitment to maintaining its solid financial position and continuing to execute its strategy to achieve sustainable growth and enhance shareholder value.

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