Arabian Shield assigned "A-" rating, Stable outlook by Fitch

29/04/2024 Argaam

Arabian Shield Cooperative Insurance Co. received today, April 29, a notification from Fitch Ratings assigning it the Financial Strength Insurance Rating of "A-" and the National Financial Strength Insurance Rating of "AA (SAU)", with Stable outlook, according to a statement to Tadawul.

 

The ratings reflect the insurer's overall financial health, which includes strong capitalization that positions it well for future growth.

 

Fitch also views Arabian Shield’s diversified product mix favorably, as it offers a variety of insurance products that helps to mitigate risk for the company, the statement added.

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