S&P Affirms TAWUNIYA Rating at “A” with Stable Outlook

The Company for Cooperative Insurance (TAWUNIYA) announced on Wednesday that it received a report from the global rating agency Standard & Poor’s (S&P), which includes obtaining a stable credit rating of A.

According to the statement published on “Tadawul”, this classification is considered one of the important indicators that reflect the strength of the Company’s financial position, risk management, governance, efficiency of the Company’s management, etc.

S&P has given a stable outlook for TAWUNIYA due to its expectations that the Company will maintain its market-leading position, as well as very strong capital and earnings, supported by its underwriting and investment activities over the next two years.